Educational Development Corp. reported that earnings for the first quarter of fiscal 2012 ended May 31 rose to $300,200 from $188,200 in the comparable period in fiscal 2011. Revenue in the quarter was basically flat at $6.3 million.
Sales in EDC’s publishing division rose slightly in the quarter, offsetting a small decline in sales in its direct sales group, including its home party unit. The higher sales in the publishing group was attributed primarily to increases with the national chains. The declines in the direct sales group was due to fewer orders in both EDC’s direct sales business and the home party division.
