Franklin Covey Announces Strong First Quarter Fiscal 2011 Sales of $39.4M

Franklin Covey Co. FC, a global provider of training and consulting services, today announced financial results for its fiscal first quarter ended November 27, 2010. Net sales for the quarter reached $39.4 million, an increase of 23% from $31.9 million reported in the first quarter of the prior year, driving a 58% increase in Adjusted EBITDA to $5.3 million from $3.3 million in fiscal 2010. Operating income more than doubled from $1.4 million in the first quarter of fiscal 2010 to $3.4 million for the quarter ended November 27, 2010.