Rocky Mountain Chocolate Factory Files Q3 10-Q

TL;DR

RMCF Q3 10-Q filed. Shows franchising & product sales performance.

AI Summary

Rocky Mountain Chocolate Factory, Inc. filed its 10-Q for the period ending November 30, 2024. The company reported on its franchising and product sales segments. Key financial data and segment performance details are included in this filing.

Why It Matters

This filing provides investors with an update on the financial performance and operational details of Rocky Mountain Chocolate Factory, Inc. for the third quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 2024-11-30 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 2025-01-15 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Rocky Mountain Chocolate Factory, Inc. (company) — Filer of the 10-Q
• 2024-11-30 (date) — End of the reporting period
• 2025-01-15 (date) — Filing date of the 10-Q
• Durango, CO (location) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share RMCF Nasdaq Glo

Filing Documents

• rmcf-20241130.htm (10-Q) — 2523KB
• rmcf-ex31_1.htm (EX-31.1) — 17KB
• rmcf-ex31_2.htm (EX-31.2) — 17KB
• rmcf-ex32_1.htm (EX-32.1) — 10KB
• rmcf-ex32_2.htm (EX-32.2) — 10KB
• img69467788_0.jpg (GRAPHIC) — 6KB
• 0000950170-25-005495.txt ( ) — 10384KB
• rmcf-20241130.xsd (EX-101.SCH) — 1176KB
• rmcf-20241130_htm.xml (XML) — 2308KB

financial information

part I. financial information 3 Item 1. Condensed Consolidated Financial Statements (Unaudited) 3 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statement of Cash Flows 5 Condensed Consolidated Statements of Changes in Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31

other information

part II. other information 33 Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 36

Signatures

Signatures 37 1 Table of Contents Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this "Quarterly Report") contains 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 (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements involve various risks and uncertainties. These statements, other than statements of historical fact, included in this Quarterly Report 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 expressing general views about future operating results are forward-looking statements. Management believes 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 Quarterly Report. We undertake 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 uncertain

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

F INANCIAL STATEMENTS

ITEM 1. F INANCIAL STATEMENTS Rocky Mountain Chocolate Factory, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months Ended Nine Months Ended November 30, November 30, 2024 2023 2024 2023 Revenues Sales $ 6,719 $ 6,421 $ 16,916 $ 16,453 Franchise and royalty fees 1,174 1,276 3,764 4,238 Total Revenue 7,893 7,697 20,680 20,691 Costs and Expenses Cost of sales 6,044 5,769 15,980 15,159 Franchise costs 616 577 2,109 1,870 Sales and marketing 272 572 840 1,487 General and administrative 1,427 1,333 4,288 4,952 Retail operating 171 186 564 451 Depreciation and amortization, exclusive of depreciation and amortization expense of $ 211 , $ 188 , $ 598 and $ 541 , respectively, included in cost of sales 63 36 143 99 Total costs and expenses 8,593 8,473 23,924 24,018 Loss from Operations ( 700 ) ( 776 ) ( 3,244 ) ( 3,327 ) Other Income (Expense) Interest expense ( 160 ) ( 11 ) ( 258 ) ( 24 ) Interest income 7 30 21 68 Gain on disposal of assets 6 - 254 - Other income (expense), net ( 147 ) 19 17 44 Loss Before Income Taxes ( 847 ) ( 757 ) ( 3,227 ) ( 3,283 ) Income Tax Provision (Benefit) - - - - Loss from Continuing Operations ( 847 ) ( 757 ) ( 3,227 ) ( 3,283 ) Discontinued Operations Earnings from discontinued operations, net of tax - - - 69 Gain on disposal of discontinued operations, net of tax - - - 635 Earnings from discontinued operations, net of tax - - - 704 Net Loss $ ( 847 ) $ ( 757 ) $ ( 3,227 ) $ ( 2,579 ) Basic Loss per Common Share Loss from continuing operations $ ( 0.11 ) $ ( 0.12 ) $ ( 0.47 ) $ ( 0.51 ) Earnings from discontinued operations

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View this 10-Q filing on SEC EDGAR