Consolidated Trade Sales Increased 7%

Announced Agreement to Invest in 9 Story Media Group, Expanding Opportunities to Build and Monetize Global Children’s IP

Over $60 Million Returned to Shareholders in Third Quarter

$67M Increased Revenues Reflect Strength of Book Fairs and Education Solutions

Revising 2018 EPS Outlook to $1.35-$1.45, Excluding One-Time Items, On Partial Year Impact of Tax Reform

New York – March 21, 2018 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported financial results for the Company’s fiscal 2018 third quarter ended February 28, 2018.