Educational Development Corporation continues to post solid sales gains. According to the latest update from EDC CEO Randall White, revenue in the third quarter ended November 30, 2014 hit $10.9 million, the highest quarterly sales ever recorded. The previous high was in the November quarter ended in 2004 when revenue was $10.2 million.
EDC was led by its home business division, Usborne Books & More, which recorded a 49% increase in the fiscal ended November 2014. Usborne Books & More has now recorded 18 consecutive months of growth, with the past five months, July through November, each posting monthly gains in excess of 40% over the same months in 2013. The company, which stopped selling through Amazon two years ago, has added hundreds of new home sales reps.
