Rocky Mountain Chocolate Factory Inc. (RMCF, Financial) filed Quarterly Report for the period ended 2010-05-31.
Rocky Mountain Chocolate Factory Inc. has a market cap of $58.4 million; its shares were traded at around $9.69 with a P/E ratio of 17 and P/S ratio of 2. The dividend yield of Rocky Mountain Chocolate Factory Inc. stocks is 4.2%. Rocky Mountain Chocolate Factory Inc. had an annual average earning growth of 7.8% over the past 10 years.RMCF is in the portfolios of Jim Simons of Renaissance Technologies LLC.
Depreciation and amortization of $168,000 in the first quarter of fiscal 2011 decreased 5.9% from $179,000 in the first quarter of fiscal 2010 due to certain assets becoming fully depreciated.
Other, net of $8,900 realized in the first quarter of fiscal 2011 represents an increase of $3,800 from the $5,100 realized in the first quarter of fiscal 2010 due to higher average outstanding cash balances and an increase in interest income realized related to notes receivable.
As of May 31, 2010, working capital was $9.2 million, compared with $8.9 million as of February 28, 2010, an increase of $300,000. The increase in working capital was primarily due to operating results.
Cash and cash equivalent balances increased 18% from $3.7 million as of February 28, 2010 to $4.4 million as of May 31, 2010 as a result of cash flow generated by operating activities being greater than cash flows used by financing and investing activities. The Companys current ratio was 3.8 to 1 at May 31, 2010 in comparison with 3.7 to 1 at February 28, 2010. The Company monitors current and anticipated future levels of cash and cash equivalents in relation to anticipated operating, financing and investing requirements.
The Company has a $5 million ($5 million available as of May 31, 2010) working capital line of credit collateralized by substantially all of the Companys assets with the exception of the Companys retail store assets. The line is subject to renewal in July, 2010.
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Rocky Mountain Chocolate Factory Inc. has a market cap of $58.4 million; its shares were traded at around $9.69 with a P/E ratio of 17 and P/S ratio of 2. The dividend yield of Rocky Mountain Chocolate Factory Inc. stocks is 4.2%. Rocky Mountain Chocolate Factory Inc. had an annual average earning growth of 7.8% over the past 10 years.RMCF is in the portfolios of Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
Basic earnings per share increased 25.0% from $.12 for the three months ended May 31, 2009 to $.15 for the three months ended May 31, 2010. Revenues increased 14.2% from the first quarter of fiscal 2010 to the first quarter of fiscal 2011. Operating income increased 21.6% from $1.2 million for the first three months of fiscal 2010 to $1.4 million for the first three months of fiscal 2011. Net income increased 24.6% from $748,000 in the first quarter of fiscal 2010 to $932,000 in the first quarter of fiscal 2011. The increase in revenues and net income for the first quarter of fiscal 2011 versus the same period in fiscal 2010 was due primarily to an increase in revenues from domestic franchise retail locations and increased shipments of product to customers outside our network of franchised retail stores.Depreciation and amortization of $168,000 in the first quarter of fiscal 2011 decreased 5.9% from $179,000 in the first quarter of fiscal 2010 due to certain assets becoming fully depreciated.
Other, net of $8,900 realized in the first quarter of fiscal 2011 represents an increase of $3,800 from the $5,100 realized in the first quarter of fiscal 2010 due to higher average outstanding cash balances and an increase in interest income realized related to notes receivable.
As of May 31, 2010, working capital was $9.2 million, compared with $8.9 million as of February 28, 2010, an increase of $300,000. The increase in working capital was primarily due to operating results.
Cash and cash equivalent balances increased 18% from $3.7 million as of February 28, 2010 to $4.4 million as of May 31, 2010 as a result of cash flow generated by operating activities being greater than cash flows used by financing and investing activities. The Companys current ratio was 3.8 to 1 at May 31, 2010 in comparison with 3.7 to 1 at February 28, 2010. The Company monitors current and anticipated future levels of cash and cash equivalents in relation to anticipated operating, financing and investing requirements.
The Company has a $5 million ($5 million available as of May 31, 2010) working capital line of credit collateralized by substantially all of the Companys assets with the exception of the Companys retail store assets. The line is subject to renewal in July, 2010.
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