Franklin Covey has revised its full-year fiscal 2026 revenue guidance to between $260 million and $267 million, down from the prior range of $265 million to $275 million, while maintaining its adjusted EBITDA outlook within a narrower range of $28 million to $31 million. The revision reflects a $2 million timing shift in delivery of previously invoiced services, a $2 million impact from a new school contract affected by state budget reductions, and approximately $2 million in pressure from a challenging international environment due to ongoing geopolitical tensions. Third-quarter revenue was $67.8 million, up 1% year-over-year, with gross margin of 73.9% and adjusted EBITDA of $8.3 million. Deferred revenue rose 7% to $96 million, and Enterprise North America billed deferred revenue increased 18% to $58 million. Management emphasized that invoiced growth and deferred revenue build a base for fiscal 2027, while cost reductions and restructuring actions support the maintained EBITDA guidance.
Franklin Covey CompanyRevenue guidance cut due to state budget reductions on a school contract and geopolitical pressures on international business.