Rocky Mountain Chocolate Factory, Inc. Revenues Rise 14% in Second Quarter of FY2012
Company Earns $0.29 per Diluted Share on Revenues of $16.2 Million in First Half of Fiscal Year
Rocky Mountain Chocolate Factory (NASDAQ: RMCF) today reported its operating results for the second quarter and first half of FY2012.
For the second quarter of FY2012, total revenues increased 14.3 percent to approximately $7.6 million, compared with revenues of approximately $6.6 million in the second quarter of FY2011. Same-store sales at franchised retail outlets decreased 1.9 percent, while same-store pounds of factory products purchased by franchised stores declined by 4.6 percent versus the second quarter of FY2011. Management believes the modest decrease in same-store sales at franchised locations was primarily due to continued sluggishness in the U.S. economy and its impact upon customer traffic in regional shopping malls and other retail venues. Total factory sales increased 8.0 percent from the second quarter of FY2011 to $4.5 million, primarily due to an increase in shipments to customers outside our system of retail stores.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.