- Rocky Mountain Chocolate Factory (NASDAQ:RMCF) reports retail same-store sales declined 6% in Q1.
- Total Factory sales grew 7.3% to $6.18M due primarily to a 17.6 percent increase in shipments to customers outside the Company’s network of franchise retail locations and a 2.4% increase in shipments of product to the Company’s network of franchise and licensed retail locations.
- Retail sales squeezed 19% to $1.02M primarily due to the sale of certain Company-owned locations and the closure of an underperforming Company-owned location.
- Royalties and marketing fees decreased 15.8% to $1.89M.
- Franchise fees increased 136.1% to $0.25M primarily due to increase in international license fees during the quarter.
- Factory gross margins improved 80 bps to 24.7%.
- Adjusted EBITDA rose 0.7% to $1.75M.
- Operating margin rate expanded 120 bps to 13.8%.
- Store count -11 Q/Q to 511.
- Now read: Hershey's Is Too Rich For My Blood
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