Franklin Covey reports Q4 EPS 49c, consensus 48c

Reports Q4 revenue $78M, consensus $81.6M. Paul Walker, President and Chief Executive Officer, commented, “We were really pleased with our results for the fourth quarter and full fiscal 2023 year. Our strong results for the fourth quarter and fiscal year demonstrate the strength and durability of our subscription business model, which continued its growth trajectory during the year and was evident by the strong growth in both our Enterprise and Education Divisions. Our results were particularly strong when viewed in the context that we were able to improve upon our record growth in fiscal 2022, which benefited from both strong sales performance and comparisons with pandemic-impacted results in fiscal 2021. Our consolidated sales in fiscal 2023 of $280.5 million represented $55 million of growth, or a 25% increase, from our pre-pandemic revenue high of $225.4 million in fiscal 2019.”