Franklin Covey Reports Strong Second Quarter of Fiscal 2020

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Go back to Franklin Covey Reports Strong Second Quarter of Fiscal 2020

Franklin Covey (FC) Tops Q2 EPS by 21c, Revenues Miss

April 2, 2020 4:09 PM EDT

Franklin Covey (NYSE: FC) reported Q2 EPS of $0.08, $0.21 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $53.7 million versus the consensus estimate of $54.4 million.

Fiscal 2020 Year-to-Date Financial Results

Consolidated revenue for the first half of fiscal 2020 increased 8% to $112.4 million compared with $104.2 million in the first two quarters of fiscal 2019. Enterprise Division sales increased 6% to $86.5 million compared with $81.5 million for the first two quarters of fiscal 2019, driven by a 25% increase in AAP and related sales. Enterprise Division sales were favorably impacted by a 9% increase in domestic direct office revenues, which were primarily... More