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 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!