Franklin Covey slips on Q2 results miss

Franklin Covey

30/03/2023 14:27

** Shares of Franklin Covey Co  FC.N  fall 5.6% to $41.76
premarket
    ** Co reports Q2 net income of 12 cents, missing analysts'
est of  13 cents - Refinitiv
    ** Also posts Q2 net sales of $61.8 mln, lower than
analysts' expectations of $62.4 mln
    ** Affirms previously announced 2023 adj EBITDA guidance to
be between $47 mln and $49 mln in constant currency
    ** On March 27, Co entered into a new $70 mln credit
facility which matures on March 27, 2028
    ** Shares down ~5% YTD

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))