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FRANKLIN QUEST CO. REPORTS RECORD SECOND QUARTER SALES AND EARNINGS

 SALT LAKE CITY, March 29 /PRNewswire/ -- Franklin Quest Co. (NYSE: FNQ) today reported record second quarter sales and earnings for the quarter ended Feb. 28, 1993. Sales increased 38 percent during the second quarter of fiscal 1993 to $44.5 million, compared to $32.2 million for the second quarter of fiscal 1992. Earnings grew 39 percent for the three-month period ended Feb. 28, 1993, to $6.7 million vs. $4.9 million for the same three-month period ended Feb. 29, 1992.
 Earnings per share increased to $0.32 for the quarter, compared to $0.29 for the same quarter last year despite an additional 4.2 million shares outstanding. The company's initial public offering in June of 1992 increased the number of outstanding shares by 25 percent.
 Sales and earnings for the first six months of fiscal 1993 increased by 37 percent and 39 percent, respectively. Sales for the first six months increased $23.7 million to $88.4 million. Earnings increased to $14.4 million, up $4.0 million for the same six-month period or $0.68 per share, compared to $0.61 per share from the same period for the prior year on 25 percent more shares.
 Franklin Quest Co. is a leading provider of time management and productivity training seminars and the Franklin Day Planner.
 FRANKLIN QUEST CO.
 Financial Summary
 (In thousands except for per share data)
 Three months ended Six months ended
 Feb. 28, Feb. 28,
 1993 1992 1993 1992
 Sales $44,479 $32,179 $88,430 $64,722
 Income before
 provision for taxes 11,235 7,960 23,931 16,985
 Provision for
 income taxes 4,494 3,104 9,572 6,624
 Net income 6,741 4,856 14,359 10,361
 Weighted average
 number of common
 and common share
 equivalents 21,157 16,899 21,124 16,927
 Net income per share $0.32 $0.29 $0.68 $0.61
 -0- 3/29/93
 /CONTACT: Arlen B. Crouch, president, or Jay L. Atwood, CFO, of Franklin Quest, 801-975-1776/
 (FNQ)


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

JB-MS -- LA011 -- 0358 03/29/93 09:06 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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