Q2 2025 Rocky Mountain Chocolate Factory Inc (Delaware) Earnings Call Transcript
Key Points
- Rocky Mountain Chocolate Factory Inc (RMCF) is executing a multiyear strategic plan focused on strengthening liquidity, rebuilding the executive team, and laying a foundation for sustainable growth.
- The company is expanding its footprint with new store openings, including a new location in Edmond, Oklahoma, and is finalizing agreements for three additional locations.
- RMCF has been recognized in the Franchise 400 for 2024, highlighting its leadership in the premium chocolate category and attractiveness to franchisees.
- The company is nearing completion of a rebranding process, which includes a new store design aimed at enhancing customer engagement and franchisee interest.
- RMCF has implemented a new $6 million credit facility, providing additional capital for strategic growth initiatives and retiring a previous $4 million credit facility.
- Total revenue for the fiscal second quarter decreased to $6.4 million from $6.6 million in the same period last year.
- Net loss for the quarter was $0.7 million, or $0.11 per share, compared to a loss of $1 million, or $0.16 per share, in the previous year.
- The company ended the fiscal second quarter with a reduced cash balance of $1 million, down from $2 million at the end of February 2024.
- RMCF's inventory levels increased to $6.1 million from $4.4 million, reflecting a strategic buildup but also tying up capital.
- The impact of new store openings on revenue growth for fiscal 2025 is expected to be limited due to the time required to establish new locations.
Good evening ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Rocky Mountains Chocolate Factory financial results for the fiscal second quarter, 2025. (Operator Instructions) As a reminder, this conference is being recorded. Joining us on the call today is the company's Intern CEO, Jeff Geygan and CFO, Carrie Cass.
Please be advised this conference call will contain statements that are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties as well as assumptions that can cause actual results to differ materially from those reflected in these forward-looking statements.
These forward-looking statements are also subject to the other risks and uncertainties that are described from time to time in the company's filings with the SCC. Please do not excuse me. Please do not place undue reliance on these forward-looking statements which are being made only as of the date of this call. Except as required by law,
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