Rocky Mountain Chocolate Q3 revenue $7.7M, net loss $0.8M; CEO sees FY25 turnaround

Rocky Mountain Chocolate Factory, Inc.

2024-Q3 EPS reported -$0.40 revenue$20,691,265

Total revenue $7.7M vs $8.8M year ago; gross margin fell to 10.2% from 24.5% on production constraints and relocation costs.
Net loss from continuing ops $0.8M ($0.12/sh) vs $0.2M loss; adjusted EBITDA negative $0.3M vs positive $1.2M.
Consumer packing relocated to third-party in Utah mid-quarter; one-time costs hit margins but expected to improve fulfillment.
CEO guides for return to growth and profitability in fiscal 2025; new VP of Franchise Development appointed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocky Mountain Chocolate Factory, Inc. reported the fiscal third quarter ended November 30, 2023 results: revenue $7.7 million, net income $(0.12) per share, EPS $(0.12) per share.

Period: the fiscal third quarter ended November 30, 2023
Revenue: $7.7 million
Net income: $(0.12) per share
EPS: $(0.12) per share
Result: reported results

Exact text from the filing

Total revenue was $7.7 million in the third quarter of 2024 compared to $8.8 million in the third quarter of 2023.

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Source: SEC EDGAR

accession 0001437749-24-001150

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