Part I [Item 1. Business](index=5&type=section&id=Item%201.%20Business) Rocky Mountain Chocolate Factory is an international franchisor and confectionery producer, operating 260 stores and generating revenue from product sales, royalties, and company-owned stores - As of February 28, 2025, the company's network consisted of **2 Company-owned stores, 141 franchised stores, and 117 licensee-owned stores, totaling 260 locations** across 27 states and the Philippines[10](index=10&type=chunk)[240](index=240&type=chunk) - The company operates co-branding partnerships, with **107 locations operated by Cold Stone Creamery franchisees and 10 by U-Swirl (SWRL) franchisees** as of February 28, 2025[27](index=27&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) - A revised franchise agreement effective after July 1, 2023, offers a tiered royalty rate from **6% down to 4%**, based on the sales mix of company-produced products, to incentivize franchisees to sell more Durango-made items[46](index=46&type=chunk) - The company's Durango production facility produced approximately **2.05 million pounds of chocolate products in FY 2025**, a **27% increase** from the **1.61 million pounds** produced in FY 2024[156](index=156&type=chunk) FY 2025 Revenue Sources | Revenue Source | Percentage of Total Revenue | | :--- | :--- | | Sales of confectionery products to franchisees/third parties | 76% | | Sales at Company-owned stores | 5% | | Franchise royalties and marketing fees | 19% | [Item 1A. Risk Factors](index=14&type=section&id=Item%201A.%20Risk%20Factors) The company faces substantial doubt about its going concern ability due to net losses, negative cash flow, and debt covenant violations, alongside various operational and market risks - The auditor's report for the fiscal year ended February 28, 2025, contains an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern due to a **net loss of $6.1 million** and **negative operating cash flow of $6.6 million**[122](index=122&type=chunk)[124](index=124&type=chunk) - As of February 28, 2025, the company was in violation of two covenants in its **$6.0 million Credit Agreement**: the ratio of total liabilities to tangible net worth was **2.21 to 1** (limit is **2.0 to 1**), and capital expenditures were **$3.7 million** (limit is **$3.5 million**)[126](index=126&type=chunk)[127](index=127&type=chunk)[204](index=204&type=chunk) - Sales to Specialty Market customers (outside the franchise system) are concentrated, representing approximately **$3.7 million or 12% of total revenue** in FY 2025[85](index=85&type=chunk) - The company's growth is highly dependent on its ability to attract and retain qualified franchisees and their ability to operate stores successfully[87](index=87&type=chunk)[88](index=88&type=chunk) - The business is subject to risks from macroeconomic factors, including public health outbreaks, economic weakness that reduces discretionary spending, and changes in trade policies or tariffs that could increase costs[131](index=131&type=chunk)[134](index=134&type=chunk)[138](index=138&type=chunk) [Item 1.B Unresolved Staff Comments](index=26&type=section&id=Item%201.B%20Unresolved%20Staff%20Comments) The company reports that there are no unresolved staff comments - None[149](index=149&type=chunk) [Item 1.C Cybersecurity](index=26&type=section&id=Item%201.C%20Cybersecurity) The company manages cybersecurity risks through integrated processes, including firewalls and consultants, with Board oversight, and has not experienced material incidents - The company's cybersecurity risk management is integrated into its overall risk management system and includes the use of firewalls, antivirus software, and third-party consultants[150](index=150&type=chunk) - The Board's Audit Committee is responsible for overseeing cybersecurity risks, and the interim CEO and CFO communicate daily with the IT department to monitor threats[152](index=152&type=chunk)[154](index=154&type=chunk) - To date, the company has not experienced any material cybersecurity incidents that have significantly affected its business, operations, or financial condition[151](index=151&type=chunk) [Item 2. Properties](index=27&type=section&id=Item%202.%20Properties) The company owns a 53,000 square foot manufacturing and headquarters facility in Durango, Colorado, and leases its two company-owned stores - The company owns its **53,000 square foot** manufacturing and headquarters facility in Durango, Colorado[156](index=156&type=chunk) - In July 2024, the company sold an unused parcel of land in Durango for approximately **$0.9 million**[156](index=156&type=chunk) - As of February 28, 2025, the company had lease obligations for its two Company-owned stores in Durango, CO and Corpus Christi, TX[157](index=157&type=chunk) [Item 3. Legal Proceedings](index=27&type=section&id=Item%203.%20Legal%20Proceedings) The company is not aware of any pending legal actions expected to have a material adverse effect on its business - The company is not a party to any legal proceedings expected to have a material adverse effect on its business[159](index=159&type=chunk)[338](index=338&type=chunk) [Item 4. Mine Safety Disclosures](index=27&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not Applicable[161](index=161&type=chunk) Part II [Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=28&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq under 'RMCF', with no current intention to pay cash dividends - The company's common stock is listed on the Nasdaq Global Market under the symbol **"RMCF"**[162](index=162&type=chunk) - The company has no present intention of paying a cash dividend on its common stock[163](index=163&type=chunk) [Item 6. Reserved](index=28&type=section&id=Item%206.%20Reserved) This item is reserved [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 5.8% revenue increase to $29.6 million in FY 2025, alongside increased operating losses, declining gross margin, and liquidity concerns raising going concern doubts - Gross margin significantly decreased to **0.4% in FY 2025 from 6.2% in FY 2024**, primarily due to a sharp increase in cocoa costs, other inflationary pressures, and a **$1.5 million** negative impact from an unsuccessful attempt to relocate consumer packaging operations[183](index=183&type=chunk)[186](index=186&type=chunk) - Royalty and marketing fees decreased by **6.7% in FY 2025**, mainly because of new, more favorable franchise agreements designed to encourage franchisees to sell more company-produced products[179](index=179&type=chunk)[182](index=182&type=chunk) - The company's financial condition raises substantial doubt about its ability to continue as a going concern. Working capital increased to **$2.4 million**, but cash and cash equivalents decreased from **$2.1 million to $0.7 million**[194](index=194&type=chunk)[195](index=195&type=chunk)[199](index=199&type=chunk) - In September 2024, the company secured a new **$6.0 million**, 3-year credit agreement at **12% interest**, using the proceeds to repay a **$3.5 million** Wells Fargo facility and for working capital[171](index=171&type=chunk)[200](index=200&type=chunk)[204](index=204&type=chunk) Fiscal Year 2025 vs 2024 Performance Summary | Metric | FY 2025 ($) | FY 2024 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $29.6M | $28.0M | +$1.6M | +5.8% | | Operating Loss | ($5.9M) | ($4.9M) | ($1.0M) | +20.4% | | Loss from Continuing Operations | ($6.1M) | ($4.9M) | ($1.2M) | +24.5% | | Basic Loss per Share | ($0.86) | ($0.77) | ($0.09) | +11.7% | [Item 7A. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, the company is not required to provide the information for this item - Not required for smaller reporting companies[212](index=212&type=chunk) [Item 8. Financial Statements and Supplementary Data](index=36&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited consolidated financial statements for FY2025 and FY2024, including an auditor's report expressing substantial doubt about going concern due to a $6.1 million net loss and declining equity - The Report of Independent Registered Public Accounting Firm includes a paragraph stating: "The Company has incurred recurring losses and negative cash flows from operations... all of which raise substantial doubt about the Company's ability to continue as a going concern"[219](index=219&type=chunk) - Note 15 details the divestiture of the U-Swirl business in FY 2024, which resulted in a gain on disposal of **$635,000** and total consideration of **$2.758 million** (**$1.75 million cash** and a **$1.0 million note**)[354](index=354&type=chunk)[357](index=357&type=chunk) Consolidated Statements of Operations (in thousands) | | FY 2025 ($) | FY 2024 ($) | | :--- | :--- | :--- | | Total Revenue | $29,579 | $27,951 | | Total costs and expenses | $35,521 | $32,853 | | Loss from Operations | ($5,942) | ($4,902) | | Loss from Continuing Operations | ($6,122) | ($4,876) | | Net Loss | ($6,122) | ($4,172) | | Basic & Diluted Loss per Share | ($0.86) | ($0.66) | Consolidated Balance Sheets (in thousands) | | Feb 28, 2025 ($) | Feb 29, 2024 ($) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $720 | $2,082 | | Total current assets | $9,223 | $9,602 | | Total Assets | $21,175 | $20,577 | | **Liabilities & Equity** | | | | Total current liabilities | $6,869 | $8,072 | | Note payable | $5,957 | $0 | | Total Liabilities | $14,200 | $9,941 | | Total stockholders' equity | $6,975 | $10,636 | Consolidated Statements of Cash Flows (in thousands) | | FY 2025 ($) | FY 2024 ($) | | :--- | :--- | :--- | | Net cash used in operating activities | ($6,595) | ($2,435) | | Net cash used in investing activities | ($1,655) | ($1,450) | | Net cash provided by financing activities | $6,888 | $1,250 | [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=66&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[358](index=358&type=chunk) [Item 9A. Controls and Procedures](index=66&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and internal control over financial reporting were effective as of February 28, 2025 - Management concluded that the company's disclosure controls and procedures were effective as of February 28, 2025[360](index=360&type=chunk) - Management concluded that the company's internal control over financial reporting was effective as of February 28, 2025, based on the COSO 2013 framework[361](index=361&type=chunk) [Item 9B. Other Information](index=66&type=section&id=Item%209B.%20Other%20Information) The company reports that none of its directors or officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the fourth quarter of fiscal year 2025 - No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement in the fourth quarter ended February 28, 2025[364](index=364&type=chunk) [Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=66&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not Applicable[365](index=365&type=chunk) Part III [Item 10. Directors, Executive Officers and Corporate Governance](index=67&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20and%20Corporate%20Governance) The information required for this item, including details on directors, executive officers, and corporate governance, is incorporated by reference from the company's definitive proxy statement for its 2025 Annual Meeting of Stockholders - Information is incorporated by reference from the Proxy Statement for the 2025 Annual Meeting of Stockholders[366](index=366&type=chunk) [Item 11. Executive Compensation](index=67&type=section&id=Item%2011.%20Executive%20Compensation) The information required for this item regarding executive compensation is incorporated by reference from the company's definitive proxy statement for its 2025 Annual Meeting of Stockholders - Information is incorporated by reference from the Proxy Statement for the 2025 Annual Meeting of Stockholders[368](index=368&type=chunk) [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=67&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated by reference from the 2025 proxy statement, detailing equity compensation plan data as of February 28, 2025 Equity Compensation Plan Information as of February 28, 2025 | Plan category | Number of securities to be issued upon exercise of outstanding options, warrants and rights | Weighted average exercise price of outstanding options, warrants and rights ($) | Number of securities remaining available for future issuance under equity compensation plans | | :--- | :--- | :--- | :--- | | Equity compensation plans approved by stockholders | 235,664 | $ - | 656,465 | | Equity compensation plans not approved by stockholders | 0 | 0 | 0 | | **Total** | **235,664** | **$ -** | **656,465** | [Item 13. Certain Relationships and Related Transactions, and Director Independence](index=67&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions,%20and%20Director%20Independence) The information required for this item, covering related party transactions and director independence, is incorporated by reference from the company's definitive proxy statement for its 2025 Annual Meeting of Stockholders - Information is incorporated by reference from the Proxy Statement for the 2025 Annual Meeting of Stockholders[371](index=371&type=chunk) [Item 14. Principal Accountant Fees and Services](index=68&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) The information required for this item regarding principal accountant fees and services is incorporated by reference from the company's definitive proxy statement for its 2025 Annual Meeting of Stockholders - Information is incorporated by reference from the Proxy Statement for the 2025 Annual Meeting of Stockholders[372](index=372&type=chunk) Part IV [Item 15. Exhibits, Financial Statement Schedules](index=69&type=section&id=Item%2015.%20Exhibits,%20Financial%20Statement%20Schedules) This section lists financial statements, schedules, and exhibits, including the auditor's report and a valuation and qualifying accounts schedule Schedule II - Valuation and Qualifying Accounts (in thousands) | Description | Balance at Beginning of Period ($) | Additions Charged to Costs & Exp. ($) | Deductions ($) | Balance at End of Period ($) | | :--- | :--- | :--- | :--- | :--- | | **Year Ended Feb 28, 2025** | | | | | | Valuation Allowance for Accounts and Notes Receivable | $362 | $53 | $80 | $335 | | **Year Ended Feb 29, 2024** | | | | | | Valuation Allowance for Accounts and Notes Receivable | $764 | $113 | $515 | $362 | [Item 16. Form 10-K Summary](index=73&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable - Not applicable[383](index=383&type=chunk)

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $8.9 million, up from $7.3 million in the same period last year, while product sales increased to $7.1 million from $5.6 million [24] - Net loss from continuing operations was $2.9 million, or a negative $0.37 per share, compared to a net loss of $1.6 million, or a negative $0.25 per share in the previous year [26] - For the full year 2025, revenue was $29.6 million compared to $28 million in 2024, with a net loss of $6.1 million, or negative $0.86 per share, compared to a net loss of $4.9 million, or negative $0.77 per share in the prior year [27][28] Business Line Data and Key Metrics Changes - Franchise and royalty fees remained flat at $1.8 million, while total product and retail gross profit was a negative $800,000 compared to a positive $100,000 last year, primarily due to higher raw material costs [24][27] - The company achieved nearly a 100% fulfillment rate for franchisee demand during Q4, marking a significant turnaround in operational performance [15] Market Data and Key Metrics Changes - The company is actively evaluating development opportunities in markets such as Atlanta, Sacramento, Park City, and Jersey Shore, with a focus on building a healthy franchise network [10] - The e-commerce business delivered record sales during the past holiday season, although profitability was challenged due to inefficient fulfillment and elevated advertising spend [18] Company Strategy and Development Direction - The company is focused on transforming its operations, systems, and culture to become more accountable and resilient, with significant investments in IT and manufacturing systems [5][22] - A new dynamic pricing model was introduced on March 1, allowing for more frequent price adjustments based on actual input costs, which is expected to capture several million dollars in additional gross profit in fiscal 2026 [12] - The company aims to build deeper regional density with fewer, stronger operators who have multi-unit development plans, moving away from a one-size-fits-all pricing model [11][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to profitability in fiscal 2026, highlighting the foundational changes made during fiscal 2025 [22][23] - The leadership team is focused on rebuilding the company from a long-term decline, with a strong emphasis on operational discipline and accountability [23] Other Important Information - The company raised $2.2 million in equity capital and refinanced its credit facility to support its transformation efforts [22] - A new ERP system was launched in January, providing enhanced visibility into sales and inventory, which is critical for data-driven decision-making [14] Q&A Session Summary Question: What is the process for determining quarterly price adjustments? - The company plans to adjust prices quarterly or more frequently as needed, ensuring alignment with costs while maintaining target margins [30] Question: What is the status of the rebranding process? - Feedback on the rebranding has been positive, with new store designs and packaging expected to roll out in mid to late July [32][34] Question: What is the strategy for new unit growth? - The focus will be on engaging fewer, well-capitalized franchisees who can operate multiple stores, rather than expanding through numerous single-store operators [36][37] Question: Why were the filings delayed this year? - Delays were primarily due to the ERP installation and additional testing required to ensure data accuracy, not indicative of any underlying issues [39]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $8.9 million, up from $7.3 million in the same period last year, while full year revenue increased to $29.6 million from $28 million [24][26] - Product sales rose to $7.1 million from $5.6 million year-over-year, but total product and retail gross profit was a negative $800,000 compared to a positive $100,000 last year, primarily due to higher raw material costs [24][26] - Net loss from continuing operations was $2.9 million or negative $0.37 per share, compared to a loss of $1.6 million or negative $0.25 per share in the previous year [25][27] Business Line Data and Key Metrics Changes - Franchise and royalty fees remained flat at $1.8 million, indicating stability in this revenue stream despite overall losses [24] - The company achieved nearly a 100% fulfillment rate for franchisee demand during Q4, marking a significant operational turnaround [15] Market Data and Key Metrics Changes - The company is focusing on building a healthier franchise network through strategic openings and transfers, with plans to evaluate development opportunities in key markets like Atlanta and Sacramento [10][19] - The e-commerce business saw record sales during the holiday season, although profitability was challenged due to inefficient fulfillment and high advertising costs [18] Company Strategy and Development Direction - The company is undergoing a transformation to become more accountable and resilient, with a focus on operational discipline and a revamped pricing strategy [4][12] - A new ERP system has been implemented to enhance operational visibility and support data-driven decision-making, which is expected to capture several million dollars in additional gross profit in fiscal 2026 [14][22] - The company aims to return to profitability in fiscal 2026, supported by a strong foundation and a corporate culture of excellence and accountability [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth and profitability, highlighting the significant strides made in positioning the company for future success [21][22] - The leadership team is focused on engaging well-capitalized and entrepreneurial franchisees to drive expansion, particularly in underrepresented markets [36] Other Important Information - The company raised $2.2 million in equity capital and refinanced its credit facility to support its transformation efforts [22] - A brand refresh is underway, including a new logo and store design, with initial feedback being very positive [16][32] Q&A Session Summary Question: What is the process for determining quarterly price adjustments? - The company plans to adjust prices quarterly or more frequently as needed, ensuring alignment with costs while maintaining target margins [29][30] Question: What is the status of the rebranding process? - Feedback on the rebranding has been fantastic, with new packaging and store designs expected to roll out soon [31][32] Question: What is the strategy for new unit growth? - Growth will primarily come from existing franchisees who are interested in opening new stores, focusing on fewer operators with multiple locations [35][36] Question: Why were the filings delayed this year? - Delays were primarily due to the ERP installation and additional testing required by auditors, but there were no underlying issues [38][39]

Core Insights - The company is undergoing a transformative restructuring effort aimed at revitalizing its business, which includes rebuilding culture, restoring operational discipline, and modernizing core systems [2] - The company reported total revenue of $8.9 million in the fourth quarter of fiscal 2025, an increase from $7.3 million in the same quarter of fiscal 2024 [4] - The company experienced a net loss from continuing operations of $2.9 million or $(0.37) per share in the fourth quarter of fiscal 2025, compared to a net loss of $1.6 million or $(0.25) per share in the fourth quarter of fiscal 2024 [12][16] Financial Performance - Total revenue for fiscal 2025 was $29.6 million, compared to $28.0 million in fiscal 2024 [12] - Total costs and expenses increased to $35.5 million in fiscal 2025 from $32.9 million in fiscal 2024, primarily due to inflationary pressures and higher raw material costs [12] - The company reported a net loss from continuing operations of $6.1 million or $(0.86) per share for fiscal 2025, compared to a net loss of $4.9 million or $(0.77) per share for fiscal 2024 [12][16] Operational Highlights - The company has retired its co-packing operations in Salt Lake City and adjusted or exited unprofitable Specialty Market relationships [5] - A new store was opened in Charleston, South Carolina, under refreshed branding and design, with plans for a flagship location in downtown Chicago [5] - The company is advancing its brand modernization efforts, including a refreshed store design, signage upgrades, and a redesigned website expected to launch in July 2025 [5][6] Strategic Initiatives - The company has implemented a rational franchise product pricing model effective March 1, 2025, to address systemic margin pressures [5] - The company is focused on disciplined growth and profitability for the remainder of fiscal 2026, emphasizing improved franchisee performance [2] - A brand refresh is underway, including a new logo and upgraded digital experience set to launch in the coming months [2]

Core Points - Rocky Mountain Chocolate Factory Inc. will host a conference call on June 18, 2025, at 9:00 a.m. Eastern time to discuss its fiscal fourth quarter and full year 2025 results [1] - The conference call will include a question-and-answer period, and attendees can submit questions in advance [2] - The call will be available for live broadcast and replay on the Company's investor relations website [3] Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionary retail stores, known as America's Chocolatier™ [4] - The Company has been producing a wide range of premium chocolates and confectionery products since 1981 and is headquartered in Durango, Colorado [4] - The Company operates nearly 260 stores across the United States and has several international locations, ranking among Entrepreneur's Franchise 500 for 2025 and Franchise Times' Franchise 400 for 2024 [4]

Core Insights - Rocky Mountain Chocolate Factory Inc. is launching its first fully redesigned store in Charleston, South Carolina, on June 3, 2025, marking its entry into the state and initiating a nationwide brand transformation [1][5] Company Expansion - The new store is operated by experienced franchisees Ross and Mackenzie Theesen, along with local operator Mike Hill, highlighting their commitment to the brand and its future [2] - This opening is part of a broader strategy to refresh nearly 150 locations across the U.S. and nearly 100 co-branded stores with Cold Stone Creamery [4] Brand Transformation - The Charleston store features a reimagined design, updated logo, fresh packaging, and a new color palette, reflecting the company's vision for the future [3] - The transformation also includes a relaunch of RMCF's E-Commerce channels with a redesigned website and cohesive brand messaging [4] Market Strategy - Charleston was chosen for its cultural heritage and tourism, aligning with the company's growth strategy targeting major metropolitan areas [5] - The long-term goal is to exceed $100 million in annual retail sales [5] Store Operations - The Charleston location will operate daily from 10:00 AM to 10:00 PM, offering a full assortment of handcrafted chocolates and confections [6] Company Background - Rocky Mountain Chocolate Factory has been producing premium chocolates since 1981 and operates nearly 260 stores across the U.S. and internationally [7]

Core Viewpoint - Rocky Mountain Chocolate Factory Inc. intends to file a Form 12b-25 for a late filing of its annual report on Form 10-K for the fiscal year ended February 28, 2025, allowing an automatic extension of 15 days for submission [1]. Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionary retail stores, known as America's Chocolatier™, producing a wide range of products since 1981 [3]. - The company operates nearly 260 stores across the United States and has several international locations, ranking among Entrepreneur's Franchise 500 for 2025 and Franchise Times' Franchise 400 for 2024 [3]. - The company's common stock is listed on the Nasdaq Global Market under the symbol "RMCF" [3]. Filing Details - The company is working diligently to file the Fiscal 2025 10-K by the Rule 12b-25 deadline of June 13, 2025, and will announce the timing for its fiscal 2025 earnings release and conference call once the filing date is confirmed [2].

Core Viewpoint - Rocky Mountain Chocolate Factory Inc. has appointed Brian Quinn to its Board of Directors, enhancing its leadership with expertise in franchising and brand development [1][2][3]. Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionary retail stores, known as America's Chocolatier™. The company has been producing a wide range of premium chocolates and confectionery products since 1981 [5]. - The company operates nearly 260 stores across the United States and has several international locations. It is recognized in Entrepreneur's Franchise 500 for 2025 and Franchise Times' Franchise 400 for 2024 [5]. Leadership Appointment - Brian Quinn, the new board member, has extensive experience in brand development, franchise expansion, and operational strategy. He is currently the Chief Development Officer at Sonesta International Hotels, where he significantly contributed to the company's growth from fewer than 100 locations to over 1,000 [2]. - Quinn's previous roles include leadership positions at major hospitality and franchising companies, where he was involved in revenue growth and franchise network development [3]. Strategic Alignment - Quinn's expertise in franchising and market expansion aligns with Rocky Mountain Chocolate's long-term vision to enhance brand presence and stimulate franchise store growth through strategic expansion [2][3].

Company Overview - Rocky Mountain Chocolate Factory Inc. is a leading franchiser of premium chocolate and confectionary retail stores, producing a wide range of products since 1981 [1][5] - The company operates nearly 260 stores across the United States and has several international locations [5] Recognition and Achievements - The company has been recognized in Entrepreneur's Franchise 500® for 2025, highlighting its status as one of the top franchises in the industry [1][5] - This recognition reflects the dedication of the company's team, the trust of franchise partners, and customer loyalty [2] Franchise Ranking Insights - The Franchise 500® ranking is based on a comprehensive evaluation of over 150 data points, including costs, growth, support, brand strength, and financial stability [2][3] - The ranking serves as a competitive measure for franchisors and a research tool for potential franchisees, emphasizing the strength of Rocky Mountain Chocolate Factory as a franchise opportunity [3]

Core Insights - Rocky Mountain Chocolate Factory Inc. has been recognized in Entrepreneur's Franchise 500 for 2025, highlighting its status as a leading franchiser in the premium chocolate and confectionery retail sector [1][2][3] - The recognition reflects the company's operational improvements, strong franchise partnerships, and customer loyalty, emphasizing its commitment to delivering value across its franchise system [2][3] Company Overview - Founded in 1981, Rocky Mountain Chocolate Factory produces a wide range of premium chocolates and gourmet caramel apples, operating nearly 260 stores in the U.S. and several international locations [1][4] - The company is headquartered in Durango, Colorado, and its common stock is listed on the Nasdaq Global Market under the symbol "RMCF" [4] Franchise Ranking Insights - The Franchise 500 ranking is a significant competitive measure for franchisors and serves as a primary research tool for potential franchisees, with Rocky Mountain Chocolate Factory's position reflecting its strength as a franchise opportunity [3] - The ranking is based on a cumulative score derived from over 150 data points, assessing factors such as costs, growth, support, brand strength, and financial stability [2][3]