Rocky Mountain Chocolate Factory Q2 net loss widens as revenue dips
Rocky Mountain Chocolate Factory Q2 net loss widens as revenue dips
Overview
US chocolate retailer's fiscal Q2 revenue declined slightly from a year earlier
Net loss widened and EBITDA loss increased from the prior-year period
Company completed $6.6 mln sale-leaseback of Durango facility after quarter end to repay debt
Outlook
Company says increasing production at Durango facility remains a key priority heading into the holiday season
Result Drivers
PRODUCTION EFFICIENCY - Co said improvements in production processes and execution contributed to a recovery in gross margin during the qtr
PRICING ACTIONS - Co attributed improved gross margin to pricing actions taken during the qtr
STORE BASE EXPANSION - Co said increased retail sales were driven by a larger company-owned store base and price increases, partly offsetting declines in other areas
Company press release: ID:nGNX2Gk8HG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $6.70 mln |
|
Q2 Loss Per Share |
| $0.14 |
|
Q2 Net Loss |
| $1.30 mln |
|
Q2 Gross Margin |
| 8.00% |
|
Q2 EBITDA |
| -$700,000 |
|
Reuters Recommended Reads
Oct 19 - Chocolate maker Lindt ousts CEO after poor European results, two outlook cuts
Oct 19 - Global food inflation is expected to intensify as supply shocks pile up
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)