Rocky Mountain Chocolate Factory Inc. (RMCF, Financial) filed Quarterly Report for the period ended 2009-11-30.
Rocky Mountain Chocolate Factory Inc. has a market cap of $53.8 million; its shares were traded at around $8.92 with a P/E ratio of 16.2 and P/S ratio of 1.8. The dividend yield of Rocky Mountain Chocolate Factory Inc. stocks is 4.5%. Rocky Mountain Chocolate Factory Inc. had an annual average earning growth of 14.1% over the past 5 years.
franchisees increasing 7.9 percent in December 2009 when compared with December 2008. Sales of all franchised and Company-owned stores decreased 3.2 percent to approximately $24.4 million in third quarter, compared with approximately $25.2 million in the corresponding prior-year quarter.
Other, net of $7,070 realized in the third quarter of fiscal 2010 represents an increase of $8,865 from the $1,795 incurred in the third quarter of fiscal 2009 due to higher average outstanding cash balances and an increase in interest income realized related to notes receivable.
Basic earnings per share decreased 11.1% from $.45 for the nine months ended November 30, 2008 to $.40 for the nine months ended November 30, 2009. Revenues decreased 5.6% from $20.8 million for the nine months ended November 30, 2008 to $19.6 million in the nine months ended November 30, 2009. Operating income decreased 12.5% from $4.3 million in the nine months ended November 30, 2008 to $3.8 million in the nine months ended November 30, 2009. Net income decreased 11.1% from $2.7 million in the nine months ended November 30, 2008 to $2.4 million in the nine months ended November 30, 2009. The decrease in earnings per share, operating income, and net income for the first nine months of fiscal 2010 versus the same period in fiscal 2009 was due primarily to decreases in same store sales, franchise fees, same store pounds purchased by Franchise locations and a decrease in the average number of franchise stores in operation.
Other, Net of $19,450 realized in the first nine months of fiscal 2010 represents an increase of $16,721 from the $2,729 realized in the first nine months of fiscal 2009 due to higher average outstanding cash balances and an increase in interest expense realized related to notes receivable.
As of November 30, 2009, working capital was $8.1 million, compared with $7.4 million as of February 28, 2009, an increase of $700,000. The increase in working capital was primarily due to operating results less the payment of $1.8 million in cash dividends.
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Rocky Mountain Chocolate Factory Inc. has a market cap of $53.8 million; its shares were traded at around $8.92 with a P/E ratio of 16.2 and P/S ratio of 1.8. The dividend yield of Rocky Mountain Chocolate Factory Inc. stocks is 4.5%. Rocky Mountain Chocolate Factory Inc. had an annual average earning growth of 14.1% over the past 5 years.
Highlight of Business Operations:
Basic earnings per share decreased 14.3% from $.14 for the three months ended November 30, 2008 to $.12 for the three months ended November 30, 2009. Revenues decreased 7.6% from $7.4 million in the three months ended November 30, 2008 to $6.9 million in the three months ended November 30, 2009. Net income decreased 10.9% from $842,000 in the three months ended November 30, 2008 to $750,000 in the three months ended November 30, 2009. The decrease in earnings per share and net income for the three months ended November 30, 2009 versus the same period in fiscal 2009 was due primarily to decreases in same store pounds purchased by franchise locations, same store sales and franchise fees.franchisees increasing 7.9 percent in December 2009 when compared with December 2008. Sales of all franchised and Company-owned stores decreased 3.2 percent to approximately $24.4 million in third quarter, compared with approximately $25.2 million in the corresponding prior-year quarter.
Other, net of $7,070 realized in the third quarter of fiscal 2010 represents an increase of $8,865 from the $1,795 incurred in the third quarter of fiscal 2009 due to higher average outstanding cash balances and an increase in interest income realized related to notes receivable.
Basic earnings per share decreased 11.1% from $.45 for the nine months ended November 30, 2008 to $.40 for the nine months ended November 30, 2009. Revenues decreased 5.6% from $20.8 million for the nine months ended November 30, 2008 to $19.6 million in the nine months ended November 30, 2009. Operating income decreased 12.5% from $4.3 million in the nine months ended November 30, 2008 to $3.8 million in the nine months ended November 30, 2009. Net income decreased 11.1% from $2.7 million in the nine months ended November 30, 2008 to $2.4 million in the nine months ended November 30, 2009. The decrease in earnings per share, operating income, and net income for the first nine months of fiscal 2010 versus the same period in fiscal 2009 was due primarily to decreases in same store sales, franchise fees, same store pounds purchased by Franchise locations and a decrease in the average number of franchise stores in operation.
Other, Net of $19,450 realized in the first nine months of fiscal 2010 represents an increase of $16,721 from the $2,729 realized in the first nine months of fiscal 2009 due to higher average outstanding cash balances and an increase in interest expense realized related to notes receivable.
As of November 30, 2009, working capital was $8.1 million, compared with $7.4 million as of February 28, 2009, an increase of $700,000. The increase in working capital was primarily due to operating results less the payment of $1.8 million in cash dividends.
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