DURANGO, Colo., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has entered into a new three-year $6 million credit agreement with RMC Credit Facility, LLC, a special purposes investment entity affiliated with current RMCF board member Steve Craig. "This credit facility is a key component of our capital str ...

DURANGO, Colo., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, announced today that it will host an Investor Day on Thursday, September 12, 2024, with presentations given by members of the executive management team. Event Details Date: Thursday, September 12, 2024 Time: 9:00 a.m. – 11:30 a.m. (Mountain Ti ...

DURANGO, Colo., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has closed a securities purchase agreement for a private investment in public equity ("PIPE") financing that resulted in gross proceeds of approximately $2.2 million to the Company, before deducting offering expenses. Pursuant to the terms of t ...

Core Viewpoint - Rocky Mountain Chocolate Factory Inc. has successfully closed a PIPE financing deal, raising approximately $2.2 million to strengthen its balance sheet and support its strategic growth plans [1][3]. Financing Details - The company sold 1.25 million shares of common stock at a price of $1.75 per share, reflecting a 15% premium over the closing stock price on August 5, 2024 [2]. - The financing is led by American Heritage Railways, with participation from current RMCF board member Steve Craig [2]. Strategic Intent - The interim CEO stated that the funds will provide necessary working capital to advance the company's updated three-year strategic plan and return to sustainable growth and profitability [3]. - American Heritage Railways is recognized as a strategic shareholder, with a customer base that aligns well with RMCF's premium products [3]. Company Overview - Rocky Mountain Chocolate Factory is an international franchiser and producer of premium chocolates and confectionery products, operating over 260 stores in the U.S. and several international locations [7]. - The company was recognized as one of America's Best Retailers in 2023 by Newsweek in the chocolate and candy stores category [7].

DURANGO, Colo., July 23, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has appointed Carrie E. Cass as Chief Financial Officer, effective August 5, 2024. Ms. Cass brings a wealth of experience in financial management, manufacturing and strategic leadership to RMCF, having served in various high-profile roles throug ...

Zacks Investment Research has recently initiated coverage of Rocky Mountain Chocolate Factory, Inc. (RMCF) , assigning an "Underperform" recommendation to the company's shares. This bearish stance reflects significant concerns over the company's recent financial performance and operational challenges. Rocky Mountain's gross margins have plummeted dramatically from 5.1% in first-quarter fiscal 2024 to (5.8)% in first-quarter fiscal 2025. This decline is primarily due to rising raw material and labor costs, w ...

Core Viewpoint - Rocky Mountain Chocolate Factory, Inc. reported a wider loss per share of 26 cents in Q1 fiscal 2025 compared to a loss of 13 cents per share in the same quarter last year [1] Revenue Summary - Total revenues for the first quarter were $6.4 million, reflecting a decrease of 0.5% year over year [2] - Revenue sources include Durango product and retail sales, Franchise fees, and Royalty and marketing fees [5] - Durango product and retail sales generated $5.3 million, an increase of 5.2% year over year due to improved franchisee demand and inventory management [5] - Franchise fees totaled $0.1 million, up 55.6% year over year, attributed to store ownership transfer fees [6] - Royalty and marketing fees generated $1.1 million, down 23.1% year over year due to a decrease in the number of stores subject to royalty fees [6] Gross Margin Analysis - Gross margin decreased to (5.8)% from 5.1% in the year-ago quarter, primarily due to increased raw material and labor costs [7] Operating Expenses - Sales and marketing expenses decreased by 9.1% year over year to $0.4 million, driven by operational efficiencies and cost-cutting measures [8] - General and administrative expenses decreased by 35.9% year over year to $1.2 million, mainly due to a reduction in legal fees from the previous year [8] Profitability Metrics - The net loss for the first quarter was $1.7 million, wider than the net loss of $0.8 million in the same quarter last year [9] - Loss from operations totaled $1.6 million, compared to a loss of $1.5 million in the year-ago quarter [14] Liquidity and Debt Management - The company ended the first quarter with cash and cash equivalents of $0.6 million, down from $2.1 million at the end of fiscal 2024 [10] - Net cash used in operating activities of continuing operations was $2.2 million, compared to $0.4 million a year ago [10]

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Q1 2025 Earnings Conference Call July 15, 2024 5:00 PM ET Company Participants Jeff Geygan - Interim Chief Executive Officer Sean Mansouri - Investor Relations Operator Good evening, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Rocky Mountain Chocolate Factory's Financial Results for the Fiscal First Quarter 2025. At this time, all participants are in a listen-only mode. As a reminder, this conference is b ...

Company Overview - Rocky Mountain Chocolate Factory Inc. is an international franchiser and producer of premium chocolates and confectionery products, including gourmet caramel apples [4] - The company operates over 260 stores across the United States and has several international locations [4] - Rocky Mountain Chocolate Factory was recognized as one of America's Best Retailers 2023 in the chocolate and candy stores category by Newsweek [4] Upcoming Conference Call - The company will host a conference call on July 15, 2024, at 5:00 p.m. Eastern time to discuss its fiscal first quarter 2025 results [1] - A press release with the results will be issued prior to the call [1] - Attendees can submit questions in advance via email to the investor relations team [2] Conference Call Details - The conference call will include a question-and-answer period following the management team's presentation [2] - Participants are encouraged to dial in 5-10 minutes before the start time for registration [2] - The call will be available for live broadcast and replay on the company's investor relations website [3]

Group 1 - Rocky Mountain Chocolate Factory Inc. has appointed Charles Arnold to its Board of Directors, where he will serve as Chair of the Audit Committee [1][3] - Charles Arnold has over 20 years of experience in corporate finance, including roles in public and private companies, and has served as CFO of Abernathy Holdings since June 2021 [2][3] - The appointment follows the resignation of Brett Seabert, and the Board expressed gratitude for his contributions over the past seven years [3] Group 2 - Rocky Mountain Chocolate Factory is an international franchiser and producer of premium chocolates and confectionery products, with over 260 stores in the U.S. and several international locations [5] - The company was recognized as one of America's Best Retailers 2023 by Newsweek in the chocolate and candy stores category [5]