For the six-month period ended Aug. 31, 2015, revenue at Educational Development Corp., which sells children’s books under the Kane Miller and Usborne imprints, jumped to $22.2 million, up 59% compared to the same period in 2014, and net income soared by over 300%, to $969,000. Sparked by those figures, EDC’s stock price rose from $4.69 per share on June 1 to $14.48 on December 10, more than a 200% gain. And for the first nine months of the current fiscal year (March through November), Randall White, chairman, president, and CEO of EDC, estimated that revenue was about $47 million—far higher than the $32 million in sales the company generated for the fiscal year ended Feb. 28, 2015.
Before business took off earlier this year, a good day’s worth of orders was $1,500,
Tag Archive for Usborne Books
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EDC bucks Amazon, Retools Home Book Sales
by Ramya Chandrasekaran • • 0 Comments
Pitching in on a night shift at the warehouse or offering advice on packing boxes isn’t usually in the job description for a company president and CEO.
Neither is dancing on a desk when the stock price hits a milestone. Or posting funny videos to a Facebook fan page started by two sales consultants.
But for Randall White, it’s all part of the fun at Educational Development Corp., the children’s book publisher and distributor he joined in 1983. The company took the No. 2 spot in this year’s Oklahoma Inc. rankings, up from No. 22 in 2014.
EDC sells to bookstores, online and through multi-level marketing. It’s the sole U.S. distributor of the popular, award-winning Usborne line of children’s books from the United Kingdom. The company also owns Kane Miller Publishers, an international children’s book
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EDC Is A Hyper Growth MLM Without The Baggage.
by Ramya Chandrasekaran • • 0 Comments
Seeking Alpha is the premier website for actionable stock market opinion and analysis, and vibrant, intelligent finance discussion. In contrast to other equity research platforms, insight is provided by investors and industry experts rather than sell-side analysts. This is an article by a Seeking Alpha author on Education Development Corporation, the MLM distributor for Usborne Books. He says Educational Development Corporation Is A Hyper Growth MLM Without The Baggage.
Summary
The company is currently increasing sales agents by over 50% each quarter. Sales this quarter should be more than double last year’s quarter.
The majority of sales are through multi-level marketing. The MLM system used does not have the abuses other MLMs have. Also the product is much better.
Based on my earnings estimate of $0.70-$0.85 for the FYE February 29, 2016, the stock is trading at
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Usborne Books Wins UK Private Business Of the Year Award
by Ramya Chandrasekaran • • 0 Comments
Usborne Books has been given the Private Business of the Year award by the UK Private Business Awards. With more than 2,000 nominations, the UK Private Business Awards have continued to grow, attracting almost double the number of entries received in 2014.
Now five years old, the awards were set up at a time of economic uncertainty to recognise outstanding privately owned businesses in the UK. There are 10 different categories, allowing the judges to focus on enterprises of different sizes and approach.
“Private business is a major engine of the UK economy, driving growth, jobs and wealth creation. We need to celebrate this,” says Charlie Hoffman, managing director at HSBC Private Bank (UK), who led the judging panel.
Others shortlisted in the Private Business of the Year category were Argus Media, BrewDog and Kelway.
Mr Hoffman
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Irish Times Publishes Detailed Analysis Of Direct Selling
by Ramya Chandrasekaran • • 0 Comments
The Irish Times has published a detailed feature on the Direct Selling industry and its attraction for many Irish people looking to make some extra cash.
Maybe you’re a stay-at-home parent, looking for a way to earn some extra income now that the kids have gone back to school. Or maybe you have retired and your pension isn’t quite enough to meet your spending habits.
Or maybe you just need the cash. Whatever the reason, topping up your income by selling goods in your spare time is a way anyone can boost their bank balance this autumn.
Direct selling is not new. From the days of Tupperware parties, companies have long identified the impact empowering people to sell their products to friends, neighbours and strangers, can have on the bottom line. And for the sellers, it’s a
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Educational Development Corp Reports Record Gains
by Ramya Chandrasekaran • • 0 Comments
Randall White, CEO, Educational Development Corporation today announced record net revenues for the fiscal quarter and six months ended August 31, 2015.
Net revenues for the quarter ended August 31, 2015, were a Company-record $12,606,800 when compared to $6,808,200 for the same quarter last year, up 85%. Net earnings were $644,400 compared to a $3,900 net loss last year.
Net revenues for the home business division, Usborne Books & More were up 152% for the second quarter of fiscal year 2016, compared to the same period in fiscal year 2015. The net revenue gain was primarily driven by new sales associates joining our organization in this quarter, 4,800 compared to 2,300 in the second quarter last year, an increase of 107%. The net sales increase continued in September with sales of this division up
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Usborne Books 4th Quarter Report Shows 19 Consecutive Months Of Growth
by Tina Williams • • 0 Comments
Randall White, CEO, Educational Development Corporation (“EDC”) (Nasdaq:EDUC) today announced record net revenues for the fiscal third quarter and the nine months ended November 30, 2014.
For the nine months ended November 30, 2014, EDC reports record net revenue of $24,923,000, a 23% increase of $4,715,400 when compared to $20,207,600 for the same period in the previous year and net earnings of $762,200 compared to $670,800. Earnings per share were $0.19 compared to $0.17 the previous year on a fully diluted basis.
Net revenue for the quarter ended November 30, 2014 was also a Company record $10,936,500 when compared to $8,502,000 for the same quarter last year up 29%, however net earnings were off slightly, down 4%.
The home business division, Usborne Books & More (“UBAM”), has now recorded 19 consecutive months of revenue growth after nine years of decline. Net revenues for the first nine months of fiscal year 2015 were up 39% over the same period in fiscal year 2014, and for this quarter up 49%. Reflective of this net revenue gain, the number of sales associates joining our organization March-November has more than doubled at 5,500 as compared to 2,600 over the same period last year. Our number of active sales consultants is up
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Usborne Books & More Reports EOQ Results, Representatives Double & Sales Up 41%
by Tina Williams • • 0 Comments
Educational Development Corporation (“EDC”) (Nasdaq:EDUC) reported results for the fiscal second quarter and the six months ended August 31, 2014, including September.
For the six months ended August 31, 2014, EDC reports net revenue of $13,986,500, a 19% increase of $2,280,900 when compared to $11,705,600 for the same period in the previous year and net earnings of $235,800 compared to $123,000. Earnings per share were $0.06 compared to $0.03 the previous year on a fully diluted basis.
The home business division, Usborne Books & More, has now recorded 16 consecutive months of revenue growth after nine years of decline. Net revenues for the first six month of fiscal year 2015 were up 30% over the same period in fiscal year 2014, and for this quarter sales are up 41% and the trend continued in September as sales were up 58% over September last year.
Reflective of this net revenue gain, the number of sales associates joining our organization March-August has almost doubled at 2,300 as compared to 1,200 over the same period last year. Our number of active consultants is up 25% when comparing this quarter end to the prior year quarter end.