Franklin Covey Co. reported unaudited consolidated earnings results for the first quarter ended November 28, 2016. For the quarter, the company reported net sales of $39,787,000 compared to $45,218,000 a year ago. Loss from operations was $5,375,000 compared to income of $1,760,000 a year ago. Loss before income taxes was $5,879,000 compared to income of $1,296,000 a year ago. Net loss was $3,958,000 million or $0.29 per diluted share compared to income of $790 million or $0.05 per diluted share a year ago. Adjusted LBITDA was $2,819 million compared to adjusted EBITDA of $4,475 million a year ago.

The company affirms its previously-announced fiscal 2017 guidance range for the sum of reported adjusted EBITDA and growth in deferred revenue of $35 million to $38 million.