Scholastic’s total revenues for fiscal 2014 reached $1.82 billion, representing a 2 percent increase from $1.79 billion in 2013. The company also revealed that its fourth quarter revenues for the year were $549.3 million, up 8 percent from the $506.9 million in revenue that the company brought in during the fourth quarter of 2013.
The company also revealed that its Book Clubs revenue rose 12 percent during 2014 and that its education technology sales grew by 9 percent during the year.
The publisher expects their momentum to continue into 2015. Here is more from the press release:
In fiscal 2015, Scholastic expects revenue growth and enhanced profitability across the majority of its businesses and channels. In its children’s book businesses, the Company’s outlook reflects expectations for continued growth in its re-positioned book clubs and increased revenue per fair in its book fairs unit. Scholastic also expects the recent success of Minecraft to continue, with two additional titles and a boxed set scheduled for release later this year, as well as new titles in many of its bestselling series, like Captain Underpants and Star Wars: Jedi Academy.