SALT LAKE CITY, Aug. 19 /PRNewswire/ -- Franklin Covey Co. (NYSE: FC)
today announced anticipated results for the fiscal fourth quarter and fiscal
year ended August 31, 1998. The Company stated that sales for the fiscal year
will be approximately $550 million with earnings per share in the $1.60 to
$1.65 range for fiscal 1998. The estimated sales for the quarter are expected
to be approximately $160 million with earnings per share in the $0.63 to $0.68
range.
The Company also gave its first estimate for the coming fiscal 1999 year
that begins September 1, 1998. The Company expects sales to grow 5% to 10%
and to reach about $600 million. The Company expects to show earnings in the
$1.80 to $1.90 per share range for fiscal 1999. Management of the Company
believes that the sizable fiscal 1998 investment in upgraded information
systems, integration efforts associated with the merger, new products and the
share repurchase program will aid the growth of sales and earnings per share
this next fiscal year.
This announcement contains forward-looking statements that necessarily are
based on certain assumptions and are subject to certain risks and
uncertainties, including the effects of competition, lack of market acceptance
of new products or services, failure to gain market share in target markets
and other factors identified and discussed in the Company's 1997 10-K and
subsequent 10-Q reports filed with the Securities Exchange Commission. There
can be no assurance that the Company's actual future performance will meet the
Company's expectations. These forward-looking statements are based on
management's expectations as of the date hereof, and are based on factors that
may cause future results to differ materially from the Company's current
expectations.
Franklin Covey is the leading global provider of leadership development
and productivity services and product solutions based on proven principles.
More than 15 million individuals use Franklin Covey's agendas, organizers and
planners, and its training products and related materials are printed in 28
languages throughout the world. Franklin Covey trains in excess of 750,000
participants annually in training seminars teaching principles to help them
achieve "What Matters Most."
SOURCE Franklin Covey Co.
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Related links:
http://www.franklincovey.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 107086
CONTACT:
Jon H. Rowberry, CEO and President, John L.
Theler, Chief Financial Officer, or Richard R. Putnam, Investor
Relations, of Franklin Covey Co., 801-975-1776
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