Franklin Covey Co. reported its financial results for the first quarter of fiscal 2025, which ended November 30, 2024. Consolidated revenue for the quarter grew 1% to $69.1 million, compared with $68.4 million in the first quarter of fiscal 2024. The Education Division showed strong performance, with revenue increasing 11% to $16.5 million.
First quarter Adjusted EBITDA was $7.7 million, or $8.1 million in constant currency, a decrease from $11.0 million in fiscal 2024. This decline was in line with expectations and reflects the initial impact of $16 million of planned growth investments in fiscal 2025, aimed at transforming the sales structure and accelerating sales growth in North America.
The company affirmed its fiscal 2025 guidance, expecting revenue in the range of $295 million to $305 million in constant currency and Adjusted EBITDA between $40 million and $44 million in constant currency. Management reported that the new North America sales force structure is fully transitioned, with every salesperson now focused either on client expansion or new client acquisition, indicating progress on its strategic go-to-market initiatives.
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