Rocky Mountain Chocolate Factory Stock Price, News & Analysis

Rocky Mountain Chocolate Factory (NASDAQ: RMCF), a premium chocolate and confectionary retail store franchiser, has announced plans to file Form 12b-25 with the SEC, delaying its annual report filing for fiscal year 2025. The Form 12b-25 will provide a 15-day extension for filing the Form 10-K, moving the deadline from May 29, 2025, to June 13, 2025.

The company states it is working diligently to complete the filing as soon as possible and will announce the timing for its fiscal 2025 earnings release and conference call once the filing date is confirmed.

Rocky Mountain Chocolate Factory (Nasdaq: RMCF) has appointed Brian Quinn to its Board of Directors, where he will serve on the Nominating and Corporate Governance, Audit, and Compensation Committees. Quinn, currently Chief Development Officer of Sonesta International Hotels, brings extensive experience in brand development, franchise expansion, and operational strategy.

Quinn's notable achievements include leading Sonesta's growth from under 100 locations to over 1,000, managing the $100 million Red Lion Hotel acquisition, and launching nine new brands while revitalizing eight existing ones. His experience spans roles at major hospitality companies including Choice Hotels International, Red Lion Hotels, and InterContinental Hotels Group.

The appointment aligns with RMCF's strategic vision to strengthen its brand presence and accelerate franchise store growth through expansion.

Rocky Mountain Chocolate Factory (RMCF) has been recognized among the top 500 franchises in Entrepreneur's Franchise 500® ranking, a prestigious industry benchmark that evaluates franchises based on over 150 data points including costs, growth, support, and financial strength.

The Company, which has been producing premium chocolates and confectionery products since 1981, received this recognition as part of the 46th annual ranking by Entrepreneur magazine.

Interim CEO Jeff Geygan highlighted this achievement as a reflection of the company's operational improvements, team dedication, and strong partnerships with franchisees. The ranking is widely regarded as an invaluable resource for potential franchisees and a competitive measure for franchisors in the industry.

Rocky Mountain Chocolate Factory (RMCF) reported financial results for fiscal Q3 2025 ended November 30, 2024. Total revenue increased to $7.9 million from $7.7 million year-over-year. The company reported a net loss of $0.8 million, or $(0.11) per share, unchanged from the previous year's loss.

Key developments include securing a three-year $6 million credit agreement, plans for two new stores and a kiosk location across three U.S. markets, and the launch of a new ERP system in January. Gross margin slightly decreased to 10.0% from 10.2% due to higher supply and labor costs. Total costs and expenses increased to $8.6 million from $8.5 million. Adjusted EBITDA improved to $41,000 compared to $(0.3) million in the year-ago period.

Rocky Mountain Chocolate Factory (RMCF), a premium chocolates and confectionery products franchisor and producer, has scheduled its fiscal third quarter 2025 earnings conference call for January 14, 2025, at 5:00 P.M. Eastern time. The company will release its financial results via press release before the call.

Management will host the conference call followed by a Q&A session. Investors can submit questions in advance by emailing RMCF@elevate-ir.com. The call will be accessible through a dial-in registration link and will also be broadcast live with replay availability through the company's investor relations website at ir.rmcf.com.

Rocky Mountain Chocolate Factory (NASDAQ: RMCF) announced two new appointments to its Board of Directors. Melvin Keating and Al Harper have joined the board, replacing Starlette B. Johnson and Charlson Arnold, effective November 26, 2024. Keating brings extensive corporate leadership experience, having served on nearly 20 public company boards. Harper, a seasoned entrepreneur and owner of American Heritage Railways, is one of RMCF's largest shareholders, owning approximately 1 million shares (13% of common shares outstanding).

Rocky Mountain Chocolate Factory (RMCF) announced the opening of two new stores and one kiosk across three U.S. markets. In Downtown Chicago, franchisee Tyson Minnick will open his third store on North State Street. Willie and Alex Zamora will launch their second location, a kiosk in the Brandon Exchange, Florida. In Charleston, South Carolina, Ross Theesen will open his fifth store on King Street. The expansion demonstrates RMCF's commitment to growing its premium chocolate brand nationwide through experienced franchisees.

Rocky Mountain Chocolate Factory (RMCF) reported financial results for its fiscal second quarter ended August 31, 2024. Total revenue was $6.4 million, down from $6.6 million in the year-ago quarter. Gross margin improved to 11.5% from 7.7%, primarily due to increased pricing and improved operating efficiencies. The company reported a net loss of $0.7 million or ($0.11) per share, compared to a net loss of $1.0 million or ($0.16) per share in fiscal Q2 2024.

RMCF is executing a multi-year strategic plan, focusing on strengthening liquidity, rebuilding the executive team, expanding the franchise network, and laying a foundation for sustainable growth. The company secured a new $6 million credit facility to improve its financial position. RMCF is expanding its franchise network across eight strategic U.S. markets and finalizing new franchise agreements for three additional store locations.

Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) has secured a new $6 million credit facility with RMC Credit Facility, , an entity affiliated with board member Steve Craig. This three-year agreement replaces the company's existing $4 million revolving credit facility, of which $3.45 million was outstanding. The new facility features interest-only payments at 12% per annum until its maturity on September 30, 2027.

Interim CEO Jeff Geygan stated that this credit facility is important for RMCF's capital structure, enabling investments in equipment and machinery while funding growth initiatives. The remaining balance will be used for continued capital investment and working capital needs, positioning the company to execute its three-year strategic plan and drive towards sustainable growth and profitability.