Franklin Covey Co Stock Price, News & Analysis

Franklin Covey Co. (NYSE: FC) announces the release of the revised 2nd edition of The 4 Disciplines of Execution, a guide focusing on strategic goal execution. This edition includes 30% new content, providing updated principles, practices, and case studies. It addresses challenges organizations face in executing their strategic goals, emphasizing the need for leaders to inspire behavior change. With over 500,000 copies sold, the book aims to help organizations overcome execution failures, which affect 80% of strategies, by utilizing the proven disciplines of focus, accountability, and progress tracking.

The Larry H. Miller Group of Companies (LHM Group) has announced a partnership with FranklinCovey (NYSE: FC) to implement a leadership development program called Unconscious Bias: Understanding Bias to Unleash Potential. This initiative aims to foster a culture of diversity and inclusion across the LHM Group, which operates over 80 companies in various sectors. The program will be accessible to nearly 10,000 employees annually for the next three years, with nearly 5,000 having already completed training since its launch in October 2020.

Franklin Covey Co. (NYSE: FC) reported strong second quarter results for fiscal 2021, ending February 28, with net sales of $48.2 million despite a decrease from $53.7 million in the same quarter of the previous year. The All Access Pass sales grew 13%, while related services exceeded prior year sales. Operating income improved to $0.8 million from a loss of $(0.4) million, supported by reduced operating expenses and enhanced gross margins at 77.5%. The net loss was $(46,000), compared to net income of $1.1 million last year. The company maintains a strong liquidity position with $40.3 million in cash.

Franklin Covey Co. (NYSE: FC) announced its second quarter fiscal 2021 conference call will occur on April 1, 2021, at 5:00 p.m. ET, following the release of financial results after market close. Interested participants can join via phone or through a webcast available on the company’s website. A replay of the webcast will be accessible from April 1 through April 22, 2021, ensuring investors can stay updated on the company’s performance in organizational performance improvement.

Franklin Covey Co. (NYSE: FC) reported its Q1 fiscal 2021 results, highlighting a net loss of $0.9 million, or $(0.06) per share, compared to a loss of $0.5 million in Q1 2020. Total sales were $48.3 million, down from $58.6 million, influenced by the pandemic. However, subscription revenues from the All Access Pass grew 16%, with over 90% annual retention. Adjusted EBITDA reached $3.7 million, exceeding expectations. Cash flow from operations increased by 59%, reaching $10.9 million, and liquidity strengthened to approximately $50 million as of November 30, 2020.

Franklin Covey Co. (NYSE: FC) announced a conference call to discuss its first-quarter fiscal 2021 financial results on January 7, 2021, at 5:00 p.m. ET. The financial results will be released post-market on the same day. Interested participants can join via phone or access the webcast through the company’s investor relations website. The webcast will be available for a limited time, until January 21, 2021. Franklin Covey specializes in organizational performance improvement, offering resources to clients including Fortune 100 and 500 companies across multiple languages and formats.

Best Western Hotels & Resorts (BWHR) has partnered with FranklinCovey to implement a leadership development curriculum aimed at enhancing leadership skills among its General Managers across over 2,000 North American properties. The program, launching in December 2020, responds to the hospitality industry's challenges following the COVID-19 pandemic. FranklinCovey’s All Access Pass will provide virtual access to essential resources tailored to the specific needs of BWHR's hoteliers. This initiative emphasizes BWHR’s commitment to superior customer care and leadership excellence.