Pearson reiterates full-year guidance after Q1 sales rise
Updated
Updated · The Wall Street Journal · May 1
Pearson reiterates full-year guidance after Q1 sales rise
8 articles · Updated · The Wall Street Journal · May 1
The London-listed education company said underlying group sales rose 4%, led by a 21% jump in virtual learning and 15% enrolment growth for the 2025-26 academic year.
Assessment and qualifications sales fell 1%, though Pearson expects growth to resume in the second quarter, while higher education sales rose 2% on solid US courseware performance.
Pearson maintained forecasts for mid-single-digit underlying sales growth, adjusted operating profit of £640 million to £685 million, and free cash flow conversion of 90% to 100%.
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