News Release Details

SALT LAKE CITY, Feb 28, 2011 (BUSINESS WIRE) --

Franklin Covey Co. (NYSE: FC), a global provider of training and consulting services, is pleased to announce that sales and earnings for the quarter ended February 26, 2011 are expected to be significantly higher than those reported in the same period of fiscal 2010. The Company's sales momentum, as represented by booked days, remained strong through the quarter ended February 26, 2011 and the number of booked days for future delivery at February 26, 2011 increased significantly compared to the same period of the prior year.

Bob Whitman, Chairman and Chief Executive Officer of Franklin Covey commented, "We continue to be encouraged by our strong business momentum and are looking forward to reporting the operating results for our second quarter of fiscal 2011."

The Company is also affirming its previously provided fiscal 2011 outlook for Adjusted EBITDA in the range of $18 million to $21 million, representing growth of approximately 35% to 57% compared to fiscal 2010 Adjusted EBITDA.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including those statements related to the Company's future results and profitability; expected Adjusted EBITDA in fiscal 2011; and expected levels of sales and profitability. Forward-looking statements are based upon management's current expectations and are subject to various risks and uncertainties including, but not limited to: general economic conditions; the expected number of booked days to be delivered; market acceptance of new products or services and marketing strategies; the ability to achieve sustainable growth in future periods; the expected impact of the Company's restructuring activities; and other factors identified and discussed in the Company's most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Many of these conditions are beyond the Company's control or influence, any one of which may cause future results to differ materially from the Company's current expectations, and there can be no assurance the Company's actual future performance will meet management's expectations. These forward-looking statements are based on management's current expectations and the Company undertakes no obligation to update or revise these forward-looking statements to reflect events or circumstances subsequent to this press release, except as required as law.

About Franklin Covey Co.

Franklin Covey Co. (NYSE: FC) is the global consulting and training leader in the areas of strategy execution, leadership, customer loyalty, sales performance, school transformation and individual effectiveness. Over Franklin Covey's history, Franklin Covey clients have included 90 percent of the Fortune 100, more than 75 percent of the Fortune 500, thousands of small- and mid-sized businesses, as well as numerous government entities and educational institutions. Franklin Covey has 44 offices providing professional services in 147 countries. For more information, visit www.franklincovey.com.

SOURCE: Franklin Covey Co.

Investor Contact:
FranklinCovey
Steve Young, 801-817-1776
investor.relations@franklincovey.com
or
ICR, Inc.
Kate Messmer Wendt, 203-682-8338
kate.messmer@icrinc.com
or
Media Contact:
FranklinCovey
Debra Lund, 801-817-6440
Debra.Lund@franklincovey.com