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![FRANKLIN COVEY CO [FC] reports $17.8M profit for year ended Aug 31, 2023](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FFC.png&w=1200&q=75)
FRANKLIN COVEY CO [FC] has reported $17.8M profit for year ended Aug 31, 2023.
The SALT LAKE CITY, Utah based company recorded net profit of $17.8M on operating income of $26.4M. Earnings per share rose to $1.2.
In the current reporting period, the company's net sales reached $280.5 million, representing an increase from the previous period's net sales of $262.8 million. The cost of sales for the current period amounted to $67.0 million, compared to $60.9 million in the previous period. This resulted in a gross profit of $213.5 million, up from $201.9 million in the previous period. The company's income from operations also showed improvement, with $26.4 million in the current period compared to $23.7 million previously. Net income for the current period was $17.8 million, slightly lower than the $18.4 million recorded in the previous period. Earnings per share (both basic and diluted) remained relatively stable at $1.30 and $1.24 respectively, compared to $1.30 and $1.27 in the previous period.
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