Franklin Covey Co. announced unaudited consolidated earnings results for the first quarter ended November 30, 2018. For the quarter, the company reported net sales of $53,829,000 against $47,932,000 for the same period a year ago. Loss from operations was $653,000 against $3,252,000 for the same period a year ago. Loss before income taxes was $1,257,000 against $3,740,000 for the same period a year ago. Net loss was $1,357,000 against $2,392,000 for the same period a year ago. Net loss per basic and diluted common share was $0.10 against $0.17 for the same period a year ago.

For the second quarter, the company expects revenue to grow at a rate of 4% to 6% before moving back to the high single-digit revenue growth in the third and fourth quarters. This 4% to 6% allows for some expected impact of government business from the current federal government shutdown and for the final spillover impact from the nonrenewal of the Education foundation contract in last year's second quarter.