Financial Data and Key Metrics Changes - Total revenues grew by 6% quarter-over-quarter, reaching 554 million RMB in the third fiscal quarter [6][14] - Gross margins improved by 317 basis points year-over-year and 560 basis points quarter-over-quarter, reaching 36.6% [13][15] - Adjusted net income was 48.5 million RMB compared to an adjusted net loss of 34.9 million RMB for the same quarter last fiscal year [17] Business Segment Data and Key Metrics Changes - Revenue from overseas schools increased by 19.4% year-over-year, contributing 264.9 million RMB, which accounted for 47.8% of total revenue [7][14] - Complementary education services revenue decreased by 18% year-over-year to 169.5 million RMB due to strategic divestments [10][14] - Domestic kindergartens and K-12 operations generated 119.6 million RMB, also showing a year-over-year decline [14] Market Data and Key Metrics Changes - Enrollment in overseas schools grew by 8% year-over-year, with over 900 students accepted for the September intake [8] - The utilization rate of overseas schools increased to 62% for the quarter, indicating improved operational efficiency [6] Company Strategy and Development Direction - The company is focusing on expanding its overseas school business while divesting non-core assets related to complementary education services [12] - A divestment strategy was implemented to streamline operations and enhance management efficiency [10] - The company aims to leverage its established global network to accelerate overseas revenue growth and create sustainable value [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business amid a dynamic market environment [5][12] - The company is committed to optimizing its organizational structure and enhancing corporate governance to improve operational efficiency [10][11] - Future strategies include maintaining a healthy balance sheet while achieving organic growth and maximizing returns [17] Other Important Information - The company recorded a net loss of 90.3 million RMB due to a 133 million RMB impairment loss on goodwill, but excluding this, net income was 42.7 million RMB [16][17] - Cash and cash equivalents increased to 537.2 million RMB as of May 31, 2024, compared to 496.9 million RMB as of February 29, 2024 [17] Q&A Session Summary - There were no questions from participants during the Q&A session [19]

Gross Profit Increased 5.0% YoY and Revenue Increased 6.2% QoQManagement to hold a conference call today at 8:00 a.m. Eastern TimeFOSHAN, China, Aug. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 third quarter ended May 31, 2024.THIRD QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTSRevenue was RMB554.0 million, compared ...

FOSHAN, China, July 26, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the third quarter of fiscal 2024 ended May 31, 2024, on August 2, 2024, before the US market opens. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on August 2, 202 ...

Bright Scholar Education Holdings Limited (NYSE:BEDU) Q2 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants Ruolei Niu - Chief Executive Officer Cindy Hui Zhang - Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for Bright Scholar's Second Quarter of Fiscal 2024 Earnings Conference Call. At this time all participants will be in a listen-only mode. After the management's remarks, there will be a question-and-answer ...

FOSHAN, China, April 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the second quarter of fiscal 2024 ended February 29, 2024, on April 19, 2024, before the US market opens. The Company's management will host an earnings conference call at 9:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing/Hong Kong Time) on April ...

Exhibit 99.1 Bright Scholar Announces Unaudited Financial Results for the First Fiscal Quarter of Fiscal 2024 FOSHAN, China, Feb. 5, 2024 /PRNewswire/—Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quart ...

FY2024 First Fiscal Quarter Performance Results February 2024 N Y S E : B E D U Bright Scholar Education Holdings Limited Pag Bright Scholar Education Holdings Limited. Page A Global Premier Education Service ...

Bright Scholar Education Holdings Ltd. (NYSE:BEDU) Q1 2024 Earnings Conference Call February 6, 2024 8:00 AM ET Company Participants Ruby Yim - IR Counsel Robert Niu - Chief Executive Officer Cindy Hui Zhang - Chief Financial Officer Conference Call Participants Operator Good morning, and thank you for standing by for Bright Scholar's First Fiscal Quarter of Fiscal 2024 Earnings Conference Call. [Operator Instructions]. Today’s conference is being recorded. I would now like to turn the meeting over to your ...

FOSHAN, China, Feb. 5, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quarter of the last fiscal year): RMB in million Except EPS and % First Fiscal Quarter Ended November 30, 20 ...

FOSHAN, China, Jan. 30, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the first fiscal quarter of fiscal 2024 ended November 30, 2023, on February 5, 2024, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com. Conference Call BEDU's ...