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FRANKLIN QUEST CO. ANNOUNCES RECORD SALES AND INCOME FOR FISCAL 1994

 SALT LAKE CITY, Oct. 12 /PRNewswire/ -- Franklin Quest Co. (NYSE: FNQ) today reported record sales and earnings for its fiscal year ended Aug. 31, 1993. Sales for the year increased 37 percent to $165.5 million compared to $120.8 million for the fiscal 1992 year. Earnings for the year grew to $23.4 million or $1.10 per share, up 41 percent compared to the previous year of $16.6 million or $0.93 per share.
 Sales and earnings for the fourth quarter ended Aug. 31, 1993, also increased 38 percent and 44 percent, respectively, compared to the same three-month period of fiscal 1992. Sales for the quarter grew to $40.4 million, an $11.1 million increase from $29.3 million of the same quarter the previous year. Earnings were $5.1 million, an increase of $1.6 million from $3.5 million for the fourth quarter of fiscal 1992. Earnings per share for the quarter grew to $0.24 per share compared to $0.17 for the same quarter of fiscal 1992. These numbers reflect an additional 267,700 shares outstanding for the fourth quarter of fiscal 1993 as a result of the secondary offering held in June 1993.
 The company also announced the date and location for the Annual Meeting of Shareholders. The meeting will be held Monday, Dec. 6, 1993, at corporate headquarters in Salt Lake City.
 Franklin Quest Co. is a leading provider of training seminars and the Franklin Day Planner, both designed to improve individual productivity through effective time management.
 FRANKLIN QUEST CO.
 (In Thousands Except Per Share Amount)
 Three Months Ended 12 Months Ended
 Aug. 31, Aug. 31,
 1993 1992 1993 1992
 Sales $40,430 $29,298 $165,483 $120,793
 Income before
 provision for tax 8,100 5,952 38,723 27,365
 Provision for taxes 3,014 2,421 15,307 10,772
 Net income 5,086 3,531 23,416 16,593
 Weighted average
 number of common
 and common share
 equivalents 21,532 20,745 21,267 17,880
 Net income per share $0.24 $0.17 $1.10 $0.93
 -0- 10/12/93
 /CONTACT: Arien B. Crouch, president, or Jay L. Atwood, CFO, 801-975-1776/
 (FNQ)


CO: Franklin Quest Co. ST: Utah IN: SU: ERN

LM-LS -- LA015 -- 0965 10/12/93 09:25 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
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