Zacks Initiates Coverage of Rocky Mountain With Underperform Recommendation

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 ...