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Article: EDUCATIONAL DEVELOPMENT CORP. REPORTS RECORD SALES AND RECORD EARNINGS FOR THE THIRD QUARTER AND NINE MONTHS ENDED NOV. 30, 1994

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PR Newswire
Article date:
January 4, 1995
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TULSA, Okla., Jan. 4 /PRNewswire/ -- Educational Development Corp. (Nasdaq Small-Cap: EDUC) reports record sales and record earnings for the third quarter and for the nine months ended Nov. 30, 1994.

Sales were $3,304,300 for the quarter compared to $2,084,200 for the same period last year, an increase of 59 percent. Sales for the nine months ended Nov. 30, 1994, were $8,703,600 compared to $5,892,900 for the same period last year, an increase of 48 percent. The company's Home Business (the multilevel selling branch of the company) led the way with a 158 percent increase in net sales for the nine-month period.

Pretax earnings increased 83 percent ... 







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