Franklin Covey Co. Monday reported record sales of $546.6 million for its 1998 fiscal year, which ended Aug. 31.
The company said the sales were up 26 percent from $433.3 million in fiscal 1997.The Salt Lake City-based company, which is known for its Franklin planners and Covey seminars, also reported that earnings for the just-ended year hit $40.1 million, including a $2.1 million or 8 cents per share after-tax charge.
That represents a 3 percent increase over the previous year's earnings of $38.9 million, which included a fourth quarter pre-tax charge of $5.5 million or 14 cents per share associated with the 1997 merger of Franklin Quest and the Covey Leadership Center.
Earnings per share for fiscal 1998 were $1.62, compared to $1.76 for fiscal 1997.
Franklin Covey also announced that it had repurchased 1,465,000 shares during the last quarter and another 700,000 since the end of the quarter.