Not really, they most likely did it for ideological/virtue-signalling reasons. You are right in that they probably did it in a way that would hurt their profits the least.
Their statement [1] explicitly says they are doing it after consulting a "panel of experts, including educators". A few days earlier, a school district in Virginia had decided to stop reading Seuss’s books on Dr. Seuss Day. [2] Some school boards in Canada outright banned his books. [3] I think some people lost their jobs because of protesting these in off-color Facebook posts. After the prices for used copies of the books skyrocketed, eBay delisted them. [4] Biden avoided using the author's name in his Dr. Seuss Day statement [5]. Don't you find all of these a tad suspiciously Orwellian?
Also, FYI, I don't really appreciate your personal attack there.
[1]: https://archive.fo/23ZUN
[2]: CP24 (Republished from CNN): "Publisher to stop printing six Dr. Seuss books because they perpeturate racial stereotypes" https://archive.ph/HOhAw
[3]: CBC: "Hamilton Public Library not removing Dr. Seuss books, but local school boards are" https://archive.fo/j1OiJ#selection-795.0-795.156
[4]: https://www.cbr.com/dr-seuss-banned-books-delisted-ebay/
[5]: https://www.foxnews.com/politics/biden-erases-dr-seuss-read-...