Rocky Mountain Chocolate Factory, Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2021
October 15, 2021 at 11:58 am EDT
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Rocky Mountain Chocolate Factory, Inc. announced earnings results for the second quarter ended August 31, 2021. For the second quarter, the company announced total revenue was USD 7.926 million compared to USD 5.327 million a year ago. Operating income was USD 257,825 compared to USD 119,357 a year ago. Net income was USD 196,933 compared to USD 76,132 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. For the half year, total revenue was USD 15.519 million compared to USD 8.029 million a year ago. Operating income was USD 903,729 compared to operating loss of USD 4.709 million a year ago. Net income was USD 776,738 compared to net loss of USD 3.591 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.59 a year ago.
Rocky Mountain Chocolate Factory, Inc. is an international franchisor of gourmet chocolate, confectionery manufacturer, and retail operator. The Company produces premium chocolate candies and other confectionery products (Durango Products). The Company also sells its candy in select locations outside of its franchised/licensed network of retail stores. The Company operates through four segments: Franchising, Production, Retail Stores, and Other. It produces approximately 400 chocolate candies and other confectionery products, including many varieties of clusters, caramels, creams, toffees, mints, and truffles. Its individual stores also offer numerous varieties of gourmet caramel apples as well as other products prepared in the store from Company recipes. The Company, its subsidiaries, franchisees, and licensees operate approximately 270 Rocky Mountain Chocolate Factory stores across the United States, the Republic of Panama, and the Republic of the Philippines.