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Rocky Mountain Chocolate Factory Inc. (RMCF) filed Quarterly Report for the period ended 2011-08-31.
Rocky Mountain Chocolate Factory Inc. has a market cap of $50.8 million; its shares were traded at around $8.34 with a P/E ratio of 13.4 and P/S ratio of 1.6. The dividend yield of Rocky Mountain Chocolate Factory Inc. stocks is 4.8%. Rocky Mountain Chocolate Factory Inc. had an annual average earning growth of 6% over the past 10 years.
This is the annual revenues and earnings per share of RMCF over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RMCF.
Highlight of Business Operations:
Basic earnings per share decreased 6.3% from $.16 in the three months ended August 31, 2010 to $.15 in the same period of the current year. Revenues increased 14.3% from $6.6 million in the second quarter of fiscal 2011 to $7.6 million in the same period of fiscal 2012. Operating income decreased 2.5% from $1.44 million in the second quarter of fiscal 2011 to $1.40 million in the second quarter of fiscal 2012. Net income decreased 3.4% from $944,000 in the second quarter of fiscal 2011 to $912,000 in the second quarter of fiscal 2012. The decrease in operating income and net income for the second quarter of fiscal 2012 compared to the same period in fiscal 2011 was due primarily to an increase in operating expenses.Basic earnings per share decreased 3.2% from $.31 for the six months ended August 31, 2010 to $.30 for the same period of fiscal 2012. Revenues increased 13.8% to $16.2 million for the six months ended August 31, 2011 compared to $14.2 million in the same period of fiscal 2011. Operating income decreased 2.6% from $2.9 million in the six months ended August 31, 2010 to $2.8 million in the same period of fiscal 2012. Net income decreased 2.3% from $1.9 million in the six months ended August 31, 2010 to $1.8 million in the same period of fiscal 2012. The decrease in operating income and net income for the six months ended August 31, 2011 compared to the same period in the prior year was due primarily to an increase in revenues, more than offset by an increase in operating expenses.
The Company recognized $97,997 and $254,230 of stock-based compensation expense during the three and six-month periods ended August 31, 2011, respectively, compared to $100,107 and $218,286 during the three and six-month periods ended August 31, 2010, respectively. Compensation costs related to stock-based compensation are generally amortized over the vesting period.
During the three and six month periods ended August 31, 2011, the Company recognized $97,997 and $201,344, respectively, of stock-based compensation expense related to non-vested, non-forfeited restricted stock unit grants. The restricted stock unit grants generally vest 20% annually over a period of five years. During the three and six month periods ended August 31, 2011, 32,320 and 43,300 restricted stock units vested and were issued as common stock, respectively. Total unrecognized compensation expense of non-vested, non-forfeited shares granted as of August 31, 2011 was $879,368, which is expected to be recognized over the weighted-average period of 2.5 years.
Cost of sales, exclusive of depreciation and amortization expense of $69,154, $82,302, $138,565 and $165,722, respectively
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