Franklin Covey Cut Revenue to $260M-$267M-Why the Stock's 22% Drop May Be Overdone

The guidance cut, not the quarter itself, drove the selloff

Franklin Covey delivered Q3 FY2026 results and simultaneously cut its full-year revenue outlook to $260 million to $267 million while maintaining EBITDA guidance. The market reaction suggested investors cared more about the lower revenue outlook than the quarter's operational results. Shares closed the regular session at $24.99, then fell 21.73% to $19.56 in after-hours trading.