Rocky Mountain Chocolate Factory, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2023
May 24, 2023 at 11:04 am EDT
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Rocky Mountain Chocolate Factory, Inc. reported earnings results for the fourth quarter and full year ended February 28, 2023. For the fourth quarter, the company reported revenue was USD 8.15 million compared to USD 7.8 million a year ago. Net loss was USD 1.71 million compared to net income of USD 0.359 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago. Basic loss per share was USD 0.27 compared to basic earnings per share of USD 0.06 a year ago. Diluted loss per share was USD 0.27 compared to diluted earnings per share of USD 0.06 a year ago.
For the full year, revenue was USD 30.43 million compared to USD 29.49 million a year ago. Net loss was USD 5.68 million compared to USD 0.342 million a year ago. Basic loss per share from continuing operations was USD 0.88 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.88 compared to USD 0.08 a year ago. Basic loss per share was USD 0.91 compared to USD 0.06 a year ago. Diluted loss per share was USD 0.91 compared to USD 0.06 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.
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 
