Rocky Mountain Chocolate Factory, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2022
October 12, 2022 at 04:05 pm EDT
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Rocky Mountain Chocolate Factory, Inc. reported earnings results for the second quarter and six months ended August 31, 2022. For the second quarter, the company reported revenue was USD 7.53 million compared to USD 7.93 million a year ago. Net loss was USD 3.64 million compared to net income of USD 0.197 million a year ago. Basic loss per share from continuing operations was USD 0.59 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.59 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the six months, revenue was USD 15.35 million compared to USD 15.52 million a year ago. Net loss was USD 3.76 million compared to net income of USD 0.777 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to diluted earnings per share from continuing operations of USD 0.12 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. 
