Luis Alvarez/DigitalVision via Getty ImagesIntroduction Despite continually posting strong numbers, Franklin Covey (NYSE:FC) doesn’t ever seem to get the love it deserves. Per my anecdotal conversations, most of the reasons stem from a mental model tied more to their legacy business model (what’s happened historically) rather than their current business model (what should happen going forward). Until investors come around, this reality will continue to be the case. Said differently, Franklin Covey trade ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-11107 FRANKLIN COVEY CO. (Exact name of registrant as specified in its charter) | Utah | | 87-0401551 ...

Franklin Covey (FC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this corporate training and consultanting company have returned -3.4%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Consulting Services industry, which Franklin Covey falls in, has lost 10.1%. The key question now is: What could be the stock ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Franklin Covey (FC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Franklin Covey currently has an average brokerage recommend ...

Financial Data and Key Metrics Changes - The company reported revenue of $61.3 million for Q2, which is slightly lower than the record $61.8 million achieved in the same quarter last year [91] - Year-to-date sales were $130 million, down from $131 million in the prior year, indicating a 1% decline [91] - Adjusted EBITDA for Q2 was $7.4 million, compared to $8.2 million last year, while year-to-date adjusted EBITDA was $18.4 million, down from $19.7 million [70][91] - Free cash flow for the first two quarters increased significantly to $24.7 million from $3.3 million in the prior year [107] Business Line Data and Key Metrics Changes - Subscription revenue reached an all-time high of $26.3 million in Q2, up 9% year-over-year, and $53.1 million year-to-date, up 11% [25] - In the Education division, invoiced amounts grew to $9.8 million in Q2, representing a 23% increase, and $18.1 million year-to-date, up 14% [36] - The percentage of All Access Pass contracts for multiyear periods increased to a historic high of 62% compared to 57% last year [35] Market Data and Key Metrics Changes - North American sales accounted for approximately 73% of total Enterprise Division sales, with Q2 revenue at $34.1 million, essentially flat compared to prior years [97] - International operations generated $7.2 million in Q2, even with last year, while year-to-date revenue was down about 4% [100] - Education sales grew to $14.6 million in Q2, up 3%, and $29.3 million year-to-date, also up 3% [103] Company Strategy and Development Direction - The company is focusing on three key growth initiatives: Project Penetration, Project Speed to Ramp, and Project Impact, which are expected to drive significant revenue growth [48][68] - The strategy includes enhancing client partner effectiveness and increasing the attach rate of subscription services [51][76] - The company plans to aggressively hire new client partners in fiscal 2025 and beyond to support growth initiatives [82] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the slower-than-expected rebound in services sales, which is anticipated to accelerate in the latter half of the year [116] - The logo retention rate was highlighted as a strong point, with management noting improvements in client support processes [120][122] - Despite lower revenue expectations for the year, adjusted EBITDA is still projected to be at the bottom end of the guidance range, reflecting strong flow-through of incremental revenue [111][112] Other Important Information - The company achieved record levels of deferred revenue, reaching $128.7 million, indicating strong future sales visibility [55] - The Impact Platform has been launched in over 20 languages, enhancing the company's service delivery capabilities [66] - The company has invested significantly in share repurchases, totaling over $49 million in the past four quarters [108] Q&A Session Summary Question: What is the expectation for the services rebound? - Management indicated that the services rebound has begun, albeit slower than anticipated, and is expected to accelerate through the latter half of the year [116] Question: Thoughts on logo retention going forward? - Management expressed satisfaction with the logo retention rate, attributing it to improved client support processes and better execution [120][122]

© FranklinCovey Co. All rights reserved. PROPRIETARY AND CONFIDENTIAL © FranklinCovey Co. All rights reserved. PROPRIETARY AND CONFIDENTIAL © FranklinCovey Co. All rights reserved. PROPRIETARY AND CONFIDENTIAL $53.1M YTD $104.5M LTM $37.5M Subscription & Subscription Services Revenue FranklinCovey* This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon management's current expectations and ar ...

Exhibit 99.1 Press Release 2200 West Parkway Boulevard Salt Lake City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS Second Quarter Consolidated Revenue Totals $61.3 Million Compared with $61.8 Million in the Prior Year Second Quarter Subscription and Subscription Services Sales Total $50.3 Million and a Record $227.3 Million for the Rolling Four Quarters Ended February 29, 2024 Cash Flows From Operating Activities Increase to $30.2 Million Compare ...

Franklin Covey (FC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this corporate training and consultanting company have returned +5.5%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Consulting Services industry, which Franklin Covey falls in, has gained 3%. The key question now is: What could be the stock' ...

Franklin Covey (FC) ended the recent trading session at $39.52, demonstrating a +0.69% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.63%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.82%.Coming into today, shares of the corporate training and consultanting company had lost 1.53% in the past month. In that same time, the Business Services sector gained 0.67%, while the S&P 500 gained 1.76%.Investors will be eagerly ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Franklin Covey (FC) .Franklin Covey currently has an average brokerage recommendation (ABR) of ...