Rocky Mountain Chocolate Factory Reports First Quarter Fiscal 2026 Financial Results
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) reported its Q1 fiscal 2026 financial results, showing signs of progress in its transformation strategy. The company maintained flat revenue at $6.4 million while significantly reducing its net loss to $0.3 million ($0.04 per share) from $1.7 million ($0.26 per share) in the year-ago quarter.
Under Interim CEO Jeff Geygan's leadership, RMCF implemented several strategic initiatives including a simplified freight program, pricing realignment, and new POS and ERP systems. The company's Charleston location, featuring refreshed branding and layout, is performing well, with a new Chicago store planned to open before the holidays. RMCF's EBITDA improved to $0.2 million compared to $(1.4) million in the previous year, while total costs decreased to $6.5 million from $8.0 million.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) ha riportato i risultati finanziari del primo trimestre dell'anno fiscale 2026, mostrando segnali di progresso nella sua strategia di trasformazione. L'azienda ha mantenuto un fatturato stabile di 6,4 milioni di dollari riducendo significativamente la perdita netta a 0,3 milioni di dollari (0,04 dollari per azione) rispetto a 1,7 milioni (0,26 dollari per azione) nello stesso trimestre dell'anno precedente.
Sotto la guida dell'amministratore delegato ad interim Jeff Geygan, RMCF ha implementato diverse iniziative strategiche, tra cui un programma di spedizioni semplificato, un riallineamento dei prezzi e nuovi sistemi POS ed ERP. La sede di Charleston, con un restyling del marchio e della disposizione, sta performando bene, mentre un nuovo negozio a Chicago è previsto prima delle festività. L'EBITDA di RMCF è migliorato a 0,2 milioni di dollari rispetto a -1,4 milioni dell'anno precedente, mentre i costi totali sono diminuiti a 6,5 milioni di dollari da 8,0 milioni.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) informó sus resultados financieros del primer trimestre del año fiscal 2026, mostrando señales de progreso en su estrategia de transformación. La compañía mantuvo ingresos estables de 6,4 millones de dólares mientras reducía significativamente su pérdida neta a 0,3 millones de dólares (0,04 dólares por acción) desde 1,7 millones (0,26 dólares por acción) en el mismo trimestre del año anterior.
Bajo el liderazgo del CEO interino Jeff Geygan, RMCF implementó varias iniciativas estratégicas, incluyendo un programa de transporte simplificado, reajuste de precios y nuevos sistemas POS y ERP. La ubicación en Charleston, con una renovación de marca y diseño, está funcionando bien, y se planea abrir una nueva tienda en Chicago antes de las fiestas. El EBITDA de RMCF mejoró a 0,2 millones de dólares comparado con -1,4 millones el año anterior, mientras que los costos totales disminuyeron a 6,5 millones de dólares desde 8,0 millones.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF)는 2026 회계연도 1분기 재무 실적을 발표하며 전환 전략에서 진전을 보였습니다. 회사는 매출을 640만 달러로 유지하면서 순손실을 전년 동기 170만 달러(주당 0.26달러)에서 30만 달러(주당 0.04달러)로 크게 줄였습니다.
임시 CEO 제프 게이건의 리더십 아래 RMCF는 간소화된 운송 프로그램, 가격 재조정, 새로운 POS 및 ERP 시스템 등 여러 전략적 이니셔티브를 도입했습니다. 브랜드 리프레시와 레이아웃을 적용한 찰스턴 매장은 좋은 실적을 보이고 있으며, 휴일 전에 시카고에 새 매장을 오픈할 계획입니다. RMCF의 EBITDA는 전년 -140만 달러에서 20만 달러로 개선되었고, 총 비용은 800만 달러에서 650만 달러로 감소했습니다.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) a publié ses résultats financiers du premier trimestre de l'exercice 2026, montrant des signes de progrès dans sa stratégie de transformation. L'entreprise a maintenu un chiffre d'affaires stable de 6,4 millions de dollars tout en réduisant significativement sa perte nette à 0,3 million de dollars (0,04 dollar par action) contre 1,7 million (0,26 dollar par action) au même trimestre de l'année précédente.
Sous la direction du PDG par intérim Jeff Geygan, RMCF a mis en œuvre plusieurs initiatives stratégiques, notamment un programme de fret simplifié, un réalignement des prix, ainsi que de nouveaux systèmes POS et ERP. Le site de Charleston, avec un nouveau branding et une nouvelle disposition, performe bien, et un nouveau magasin à Chicago est prévu avant les fêtes. L'EBITDA de RMCF s'est amélioré à 0,2 million de dollars contre -1,4 million l'année précédente, tandis que les coûts totaux ont diminué à 6,5 millions de dollars contre 8,0 millions.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) veröffentlichte seine Finanzergebnisse für das erste Quartal des Geschäftsjahres 2026 und zeigte Anzeichen von Fortschritten in seiner Transformationsstrategie. Das Unternehmen hielt den Umsatz stabil bei 6,4 Millionen US-Dollar und reduzierte den Nettoverlust deutlich auf 0,3 Millionen US-Dollar (0,04 US-Dollar je Aktie) gegenüber 1,7 Millionen US-Dollar (0,26 US-Dollar je Aktie) im Vorjahresquartal.
Unter der Leitung des Interims-CEO Jeff Geygan setzte RMCF mehrere strategische Initiativen um, darunter ein vereinfachtes Frachtprogramm, eine Preisanpassung sowie neue POS- und ERP-Systeme. Der Standort Charleston mit überarbeitetem Branding und Layout läuft gut, und ein neuer Laden in Chicago soll vor den Feiertagen eröffnet werden. Das EBITDA von RMCF verbesserte sich auf 0,2 Millionen US-Dollar im Vergleich zu -1,4 Millionen im Vorjahr, während die Gesamtkosten von 8,0 Millionen auf 6,5 Millionen US-Dollar sanken.
- Net loss significantly reduced to $0.3M from $1.7M year-over-year
- EBITDA improved to $0.2M from $(1.4)M in the previous year
- Total costs decreased to $6.5M from $8.0M due to improved efficiencies
- Product and retail gross profit improved to $0.3M from $(0.3)M year-over-year
- New store expansion with Chicago location planned and several leases under negotiation
- Revenue remained flat at $6.4M year-over-year
- Company still operating at a net loss position
Insights
RMCF shows clear financial improvement with reduced losses and positive EBITDA, though revenue remained flat amid ongoing transformation.
Rocky Mountain Chocolate Factory's Q1 fiscal 2026 results demonstrate notable financial improvement despite flat revenue of
The company achieved positive product and retail gross profit of
Perhaps most encouraging is the
The company is implementing several operational improvements: a simplified freight program, category pricing realignment, and accelerated adoption of new POS and ERP systems. These technological upgrades should provide better visibility into store performance and inventory management, potentially leading to further cost efficiencies.
On the expansion front, RMCF is rebuilding its store pipeline with a new location in Charleston already operating, a Chicago store scheduled to open before the holidays, and several additional leases under negotiation. The company is also rolling out refreshed branding, new packaging, updated in-store merchandising, and a redesigned e-commerce platform.
While revenue growth remains elusive, the substantial margin improvements and reduced losses indicate the company's transformation strategy is delivering measurable results. The positive EBITDA represents an important milestone in their journey toward sustainable profitability.
Management to Host Conference Call Tomorrow at 9:00 a.m. Eastern Time
DURANGO, Colo., July 15, 2025 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF) (the “Company”, “we”, “RMC”, or “Rocky Mountain Chocolate”), America’s Chocolatier™ and a leading franchiser of a premium chocolate and confectionary retail store concept, is reporting financial and operating results for its first quarter of fiscal 2026, which ended May 31, 2025.
“We are executing against a clearly defined plan to rebuild Rocky Mountain Chocolate Factory into a disciplined and profitable business,” said Jeff Geygan, Interim CEO of the Company. “In the first quarter, we advanced a series of initiatives aimed at strengthening our operating model and elevating franchisee performance. We rolled out a simplified freight program to support fresher inventory, realigned pricing across categories to better reflect product value, and accelerated adoption of our new Point of Sale (POS) and Enterprise Resource Planning (ERP) systems. These efforts are bringing greater visibility and accountability to our network, and we’re already seeing stronger alignment with our franchise partners.
“We have also made tangible progress in elevating the customer experience. Our Charleston location reflects our refreshed branding and in-store layout, and it's providing early insight into how customers are engaging with the updated look and feel of the store. It’s performing well in a previously untapped market and has provided valuable takeaways to guide upcoming openings. With our new store in Chicago expected to open before the holidays and several leases under negotiation, we are well underway in rebuilding our new store pipeline. Meanwhile, our brand refresh, including new packaging, in-store merchandising and a fully redesigned e-commerce platform, will begin rolling out systemwide this summer. These updates are deliberately sequenced to ensure consistency across the digital and in-store experience.”
Geygan added, “Although there is still work to be done, we now have the operational foundation and strategic focus required to execute effectively. Our priorities remain unchanged: deliver profitable results, expand our store footprint, and provide our franchisees with the tools and support they need to succeed. Ongoing pricing initiatives and operational changes are beginning to drive margin improvement. With stronger systems in place, we believe we are well-positioned to sustain progress in the quarters ahead. We believe the momentum we’ve built this quarter is a clear signal that our transformation is taking hold.”
Fiscal First Quarter 2026 Financial Results vs. Year-Ago Quarter
- Total revenue was
$6.4 million for the first quarter of fiscal 2026, which was essentially flat compared to the year-ago quarter. - Total product and retail gross profit was
$0.3 million in the first quarter of fiscal 2026, compared to$(0.3) million in the year-ago quarter. The increase was attributable to improved pricing and production efficiencies. - Total costs and expenses were
$6.5 million in the first quarter of fiscal 2026, down from$8.0 million in the year-ago quarter. The decrease was primarily the result of improved operating efficiencies and lower general and administrative costs. - Net loss was
$0.3 million or$(0.04) per share for the first quarter of fiscal 2026, compared to a net loss of$1.7 million or$(0.26) per share in the year-ago quarter. - EBITDA for the three months ending May 31, 2025, was
$0.2 million compared with EBITDA for the three months ending May 31, 2024, of$(1.4) million .
Conference Call Information
The Company will conduct a conference call to discuss its financial results. A question-and-answer session will follow management’s opening remarks. The conference call details are as follows:
Date: Wednesday, July 16, 2025
Time: 9:00 a.m. Eastern time
Dial-in registration link: here
Live webcast registration link: here
Please dial into the conference call 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting to the conference call, please contact the Company’s investor relations team at RMCF@elevate-ir.com.
The conference call will also be broadcast live and available for replay in the investor relations section of the Company’s website at https://ir.rmcf.com/.
About Rocky Mountain Chocolate Factory, Inc.
Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of a premium chocolate and confectionary retail store concept. As America’s Chocolatier™, the Company has been producing an extensive line of premium chocolates and other confectionery products, including gourmet caramel apples since 1981. Headquartered in Durango, Colorado, Rocky Mountain Chocolate Factory is ranked among Entrepreneur’s Franchise 500® for 2025 and Franchise Times’ Franchise 400® for 2024. The Company and its franchisees and licensees operate nearly 260 Rocky Mountain Chocolate stores across the United States, with several international locations. The Company's common stock is listed on the Nasdaq Global Market under the symbol "RMCF."
Non-GAAP Financial Measures
To supplement the Company’s consolidated financial statements, which are prepared and presented in accordance with GAAP, the Company provides investors with the non-GAAP financial measure EBITDA. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
EBITDA is defined as net income (loss) before interest, income taxes, depreciation, and amortization. Management uses EBITDA because it believes this metric provides useful insight into the Company’s core operating performance and cash-generating capabilities by removing the impact of non-operational and non-cash expenses.
This non-GAAP financial measure has inherent limitations and should not be considered in isolation or as a substitute for GAAP performance metrics such as net income or income from operations. Management uses EBITDA only in conjunction with such GAAP results to evaluate overall performance.
The Company is not providing a reconciliation for future expectations of EBITDA due to the volatility of certain required inputs that are not available without unreasonable efforts.
Forward-Looking Statements
This press release includes statements of our expectations, intentions, plans and beliefs that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements involve various risks and uncertainties. The statements, other than statements of historical fact, included in this press release are forward-looking statements. Many of the forward-looking statements contained in this document may be identified by the use of forward-looking words such as "will," "intend," "believe," "expect," "anticipate," "should," "plan," "estimate," "potential," “may,” “would,” “could,” “continue,” “likely,” “might,” “seek,” “outlook,” “explore,” or the negative of these terms or other similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements regarding future financial and operating results, our business strategy and plan, our strategic priorities, our store pipeline, and our transformation, are forward-looking statements. Management of the Company believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to: inflationary impacts, the outcome of legal proceedings, changes in the confectionery business environment, seasonality, consumer interest in our products, receptiveness of our products internationally, consumer and retail trends, costs and availability of raw materials, competition, the success of our co-branding strategy, the success of international expansion efforts, and the effect of government regulations. For a detailed discussion of the risks and uncertainties that may cause our actual results to differ from the forward-looking statements contained herein, please see the section entitled “Risk Factors” contained in our periodic reports, each filed with the Securities and Exchange Commission.
Investor Contact
Sean Mansouri, CFA
Elevate IR
720-330-2829
RMCF@elevate-ir.com
| Rocky Mountain Chocolate Factory, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share amounts) | ||||||||
| May 31, 2025 (unaudited) | February 28, 2025 | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 893 | $ | 720 | ||||
| Accounts receivable, less allowance for credit losses of | 2,327 | 3,405 | ||||||
| Notes receivable, current portion, less current portion of the allowance for credit losses of | 76 | 11 | ||||||
| Refundable income taxes | 64 | 64 | ||||||
| Inventories | 4,633 | 4,630 | ||||||
| Other | 389 | 393 | ||||||
| Total current assets | 8,382 | 9,223 | ||||||
| Property and Equipment, Net | 9,238 | 9,409 | ||||||
| Other Assets | ||||||||
| Notes receivable | 106 | 69 | ||||||
| Goodwill | 576 | 576 | ||||||
| Intangible assets, net | 203 | 210 | ||||||
| Lease right of use asset | 1,125 | 1,241 | ||||||
| Other | 466 | 447 | ||||||
| Total other assets | 2,476 | 2,543 | ||||||
| Total Assets | $ | 20,096 | $ | 21,175 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 4,172 | $ | 4,816 | ||||
| Accrued salaries and wages | 575 | 697 | ||||||
| Gift card liabilities | 648 | 649 | ||||||
| Other accrued expenses | 150 | 80 | ||||||
| Contract liabilities | 137 | 139 | ||||||
| Lease liability | 480 | 488 | ||||||
| Total current liabilities | 6,162 | 6,869 | ||||||
| Note payable | 5,961 | 5,957 | ||||||
| Lease Liability, Less Current Portion | 660 | 770 | ||||||
| Contract Liabilities, Less Current Portion | 581 | 604 | ||||||
| Total Liabilities | 13,364 | 14,200 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders' Equity | ||||||||
| Preferred stock, | - | - | ||||||
| Common stock, | 8 | 8 | ||||||
| Additional paid-in capital | 12,436 | 12,355 | ||||||
| Accumulated deficit | (5,712 | ) | (5,388 | ) | ||||
| Total stockholders' equity | 6,732 | 6,975 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 20,096 | $ | 21,175 | ||||
| Rocky Mountain Chocolate Factory, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In thousands, except share and per share amounts) (Unaudited) | ||||||||
| Three Months Ended May 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenues | ||||||||
| Sales | $ | 4,718 | $ | 5,279 | ||||
| Franchise and royalty fees | 1,655 | 1,128 | ||||||
| Total Revenue | 6,373 | 6,407 | ||||||
| Costs and Expenses | ||||||||
| Cost of sales | 4,392 | 5,586 | ||||||
| Franchise costs | 595 | 541 | ||||||
| Sales and marketing | 206 | 430 | ||||||
| General and administrative | 1,001 | 1,239 | ||||||
| Retail operating | 206 | 199 | ||||||
| Depreciation and amortization, exclusive of depreciation and amortization expense of | 118 | 42 | ||||||
| Total costs and expenses | 6,518 | 8,037 | ||||||
| Loss from Operations | (145 | ) | (1,630 | ) | ||||
| Other Income (Expense) | ||||||||
| Interest expense | (188 | ) | (35 | ) | ||||
| Interest income | 9 | 7 | ||||||
| Other income (expense), net | (179 | ) | (28 | ) | ||||
| Loss Before Income Taxes | (324 | ) | (1,658 | ) | ||||
| Income Tax Provision (Benefit) | - | - | ||||||
| Net Loss | (324 | ) | (1,658 | ) | ||||
| Basic Loss per Common Share | $ | (0.04 | ) | $ | (0.26 | ) | ||
| Diluted Loss per Common Share | $ | (0.04 | ) | $ | (0.26 | ) | ||
| Weighted Average Common Shares Outstanding - Basic | 7,742,317 | 6,322,329 | ||||||
| Dilutive Effect of Employee Stock Awards | - | - | ||||||
| Weighted Average Common Shares Outstanding - Diluted | 7,742,317 | 6,322,329 | ||||||
FAQ
What were Rocky Mountain Chocolate Factory's (RMCF) Q1 2026 earnings results?
How much did RMCF reduce its costs in Q1 2026?
What strategic initiatives is RMCF implementing in 2025-2026?
What is Rocky Mountain Chocolate Factory's store expansion plan for 2025-2026?
How did RMCF's EBITDA perform in Q1 2026?
