The Hunger Games boosts Scholastic in FY12

Best selling trilogy helps publisher to "substantially higher" results for Q4 and year ended May 2012.
Author:
Publish date:
1_Hunger_games.jpg

Strong sales in children's books and international have helped Scholastic report some healthy figures for the fourth quarter and fiscal year ending May 31st, 2012.

In the fourth quarter, revenue rose 24 per cent to $678.5 million, from $545.3 million in the same quarter of fiscal 2011.

In fiscal 2012, revenue was $2,148.8 million, up 14 per cent from $1,887.9 million a year ago.

Free cash flow for the fiscal year was $147.6 million, exceeding net income, compared to $120.5 million in fiscal 2011.

"Scholastic had a great fiscal 2012, with good results across the company, bolstered by the remarkable success of The Hunger Games, which demonstrated again the broad appeal of a superb story, well marketed and sold," said Richard Robinson, chairman, president and CEO. "The children's book segment performed well overall."

Want to receive up to the minute licensing industry news straight to your inbox? Click here to sign up for the free Licensing.biz Daily Digest and Newsflash services. You can also follow Licensing.biz on Twitter and Facebook.

Related

Featured Jobs