Scholastic Corporation (SCHL)
Gross profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -7,400 | 104,900 | 83,300 | -28,900 | -88,500 |
| Revenue | US$ in thousands | 1,587,800 | 1,702,600 | 1,640,000 | 1,294,100 | 1,487,100 |
| Gross profit margin | -0.47% | 6.16% | 5.08% | -2.23% | -5.95% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-7,400K ÷ $1,587,800K
= -0.47%
Based on the data provided, the gross profit margin for Scholastic Corporation has displayed a mixed performance over the past five years. In May 2024, the gross profit margin was negative at -0.47%, indicating that the company had a negative gross profit that period. This is a significant decline from the previous year, May 2023, where the gross profit margin was 6.16%, showing a sharp decrease in profitability.
In the fiscal year ending May 2022, the gross profit margin was 5.08%, which was a positive sign of profitability for the company. However, this was preceded by a negative gross profit margin of -2.23% in May 2021, highlighting a period of financial struggle for Scholastic Corporation.
The lowest point in terms of gross profit margin was recorded in May 2020 at -5.95%, indicating a considerable loss in profitability compared to the other years. Overall, the fluctuating trend in the gross profit margin suggests that Scholastic Corporation has faced challenges in maintaining consistent profitability over the past five years and may benefit from implementing strategies to improve its gross profit margins.
Peer comparison
May 31, 2024