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Franklin Covey (NYSE: FC) stock got hit with a double-digit pullback in Thursday's trading. The company's share price closed out the day down 12.9%. The S&P 500 ended the day roughly flat, and the Nasdaq Composite ended the session down 0.8%.
After the market closed on July 1, Franklin Covey published results for the third quarter of its 2026 fiscal year -- which ended May 31. Sales and earnings for the period came in below Wall Street's forecasts, and the company's forward guidance also came in below expectations.
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Franklin Covey posted earnings per share of $0.27 on sales of $67.8 million in the third quarter of its current fiscal year, coming in below the average **** yst estimate's target for per-share earnings of $0.31 on revenue of roughly $68.3 million. Even though the company's revenue moved up roughly 1% year over year, earnings actually improved significantly over the loss of $0.11 per share posted in the prior-year quarter -- but performance still came in significantly below the market's expectations.
With its latest business update, Franklin Covey guided for sales to come in between $260 million and $267 million. Previously, the company had targeted sales between $265 million and $275 million. For comparison, the average **** yst estimate had targeted revenue of roughly $267.76 million.
4 months ago

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