This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Educational Development Corporation Announces Fiscal 2013 Second Quarter And Year-to-Date Results

Stocks in this article: EDUC

TULSA, Okla., Oct. 18, 2012 (GLOBE NEWSWIRE) -- Educational Development Corporation (Nasdaq:EDUC) ( ) today reported results for the second quarter and year-to-date period of fiscal 2013, ended August 31, 2012.


EDUC reports increased net revenue for the quarter ended August 31, 2012 of $5,464,400 compared to $5,437,100 and increased net earnings of $138,200 compared to $126,200 for the same period last year. For the year-to-date period ended August 31, 2012, a 3% gain was posted for the Company's net revenue, which was $12,059,000 compared to $11,701,500 for the same period ended August 31, 2011. This resulted in a 15% increase in net earnings of $488,400 compared to $426,400 for the same period last year.

The Publishing Division experienced a 10% increase in net revenues for the quarter, showing a rebound from the impact of discontinuing sales to the largest online retailer. Sales in the smaller retail markets, including toy and gift stores, continue to be strong for this division. For the comparative year-to-date periods, net revenues increased 4%.

The Usborne Books and More (UBAM) Home Business Division reports a 10% decrease in net revenues for the quarter ended August 31, 2012 compared to the same period last year and a 2% increase for the comparative year-to-date periods. This division sells via independent sales consultants.

  Three Months Ended August 31, Six Months Ended August 31,
  2012 2011 2012 2011
NET REVENUES  $ 5,464,400   $ 5,437,100   $ 12,059,000   $ 11,701,500 
EARNINGS BEFORE INCOME TAXES  $ 219,200   $ 200,100   $ 781,100   $ 680,800 
INCOME TAXES  81,000   73,900   292,700   254,400 
NET EARNINGS  $ 138,200   $ 126,200   $ 488,400   $ 426,400 
Basic  $ 0.04   $ 0.03   $ 0.12   $ 0.11 
Diluted  $ 0.04   $ 0.03   $ 0.12   $ 0.11 
Basic  3,924,514   3,897,129   3,921,397   3,893,700 
Diluted  3,924,514   3,899,026   3,921,397   3,896,363 

About Educational Development Corporation

Educational Development Corporation sells children's books, including Usborne Books and the Kane/Miller line of international children's titles through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,500 different titles are available for children of all ages, with periodic new additions.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs