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EDUC Educational Development News Story

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Children's book publisher Educational Development Corp Q2 revenue falls 29%

Overview

Educational Development Corp fiscal Q2 revenue falls to $4.6 mln from $6.5 mln yr/yr

Net loss for fiscal Q2 narrows to $1.3 mln from $1.8 mln yr/yr

Company to use Hilti Complex sale proceeds to pay off bank debt

Outlook

Company expects sale of Hilti Complex to complete in mid-November

Company plans to reduce inventory levels while funding operations

Result Drivers

BRAND PARTNER DECLINE - Co reports decrease in average active PaperPie Brand Partners impacting sales

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$4.60 mln
Q2 EPS-$0.15
Q2 Net Income-$1.30 mln
Q2 Pretax Profit-$1.80 mln
Press Release: ID:nNFC416Mk9 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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