Rocky Mountain Chocolate Factory, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2016
January 12, 2017 at 08:39 pm IST
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Rocky Mountain Chocolate Factory, Inc. reported consolidated earnings results for the third quarter and nine months ended November 30, 2016. For the quarter, the company reported total revenues of $9,955,000 against $9,807,000 a year ago. Income from operations was $1,615,000 against $1,251,000 a year ago. Income before income taxes was $1,584,000 against $1,213,000 a year ago. Net income attributable to the company was $1,012,000 against $441,000 a year ago. Diluted earnings per common share was $0.17 against $0.07 a year ago. Non-GAAP, adjusted EBITDA was $2,068,000 against $1,741,000 a year ago. The increase in operating income was primarily the result of the decrease in expenses and an increase in total revenue.
For the nine months, the company reported total revenues of $27,933,000 against $29,446,000 a year ago. Income from operations was $4,352,000 against $4,360,000 a year ago. Income before income taxes was $4,252,000 against $4,234,000 a year ago. Net income attributable to the company was $2,718,000 against $1,984,000 a year ago. Diluted earnings per common share was $0.45 against $0.32 a year ago. Non-GAAP, adjusted EBITDA was $5,822,000 against $6,039,000 a year ago. The decrease in operating income was primarily the result of
the decrease in revenues.
Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer and retail operator. The Company produces chocolate candies and other confectionery products (Durango Products). It also sells its candy in select locations outside its system of retail stores. It operates through three segments: Franchising, Manufacturing and Retail Stores. It produces over 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. It sells its products in a select number of specialty markets, including wholesale, fundraising, corporate sales, e-commerce, and private label. It has two Company-owned and has approximately 115 licensee-owned and 152 Rocky Mountain Chocolate Factory franchised stores spread across 36 states and the Philippines.
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 
