学乐教育 2026年季度报告

FORM 10-Q Quarterly Report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedFebruary28, 2026Commission File No.000-19860 SCHOLASTIC CORPORATION (Exact name of Registrant as specified in its charter) Registrant’s telephone number, including area code (212) 343-6100 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (229.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date: Page Item 1.Financial StatementsCondensed Consolidated Statements of Operations (Unaudited)3Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)4Condensed Consolidated Balance Sheets (Unaudited)5Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)6Condensed Consolidated Statements of Cash Flows (Unaudited)8Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures about Market Risk41Item 4.Controls and Procedures42Part II - Other InformationItem 2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 5.Other Information44Item 6.Exhibits45Signatures47 1. BASIS OF PRESENTATION Principles of consolidation The accompanying condensed consolidated interim financial statements (referred to as the “Financial Statements” herein)include the accounts of Scholastic Corporation (the “Corporation”) and all wholly-owned and majority-owned subsidiaries(collectively, “Scholastic” or the “Company”). The Company reviews its relationships with other entities to identify whetherit is the primary beneficiary of a variable interest entity (“VIE”). If the determination is made that the Company is theprimary beneficiary, then the entity is consolidated. Intercompany transactions are eliminated in consolidation. The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2026 relate to thetwelve-month period ending May31, 2026. Certain prior period amounts have been reclassified to conform with thecurrent year presentation. Interim Financial Statements The accompanying Financial Statements have been prepared in accordance with U.S. generally accepted accountingprinciples (“U.S. GAAP”) and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”) forinterim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for thefiscal year endedMay31, 2025. TheFinancial Statementspresented in this Quarterly Report on Form 10-Q areunaudited; however, in the opinion of management, theFinancial Statementsreflect all adjustments, consisting solely ofnormal, recurring adjustments, necessary for the fair presentation of the Financial Statements for the periods presented. Seasonality The Company’sChildren’s Book Publishing and Distributionschool-based book club and book fair channels and most ofitsEducation Solutionsbusinesses operate on a school-year basis; therefore, the Company’s business is highly seasonal.As a result, the Company’s revenues in the first and third quarters of the fiscal year generally are lower than its revenuesin the other two fiscal quarters. Typically, school-based channels and magazine revenues are minimal in the first quarter ofthe fiscal year as schools are not in session. Education channel revenues are generally higher in the fourth quarter. Tradechannel andEntertainmentsegmen