press release
Jan. 14, 2014, 10:17 a.m. EST
Creative Learning Corporation Announces Record Revenues and Earnings Fiscal Year 2013
Creative Learning Corporation’s revenues for fiscal 2013 were a record $4.8 million and rose 41% compared with $3.4 million fiscal 2012. Net income for fiscal 2013 was a record $947 thousand, a 56.7% increase compared with fiscal 2012 income of $604 thousand. Net income per fully diluted share increased 60% to $0.08 compared with $0.05 last year.
“Our record results for fiscal 2013 benefited from a 26% increase in Bricks 4 Kidz® franchise sales (in aggregate both domestically and internationally), plus sales from Challenge Island® franchises, and a 100% increase in Bricks 4 Kidz® royalties. We attribute this to the continued high demand for our franchise concepts, both domestically and internationally, and our franchisees’ performance,” stated Chief Executive Officer Brian Pappas.
Creative Learning Corporation will conduct a conference call to discuss financial results of its fiscal 2013 at 1:00 p.m. EST on Friday, January 17th. The conference call number is 213-416-1560 and the access code is 5833282. Questions pertaining to the 10-k can be submitted to Brian Pappas at [email protected] prior to the call.
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