Rocky Mountain Chocolate falls on Q4 loss from year-ago profit

Rocky Mountain Chocolate Factory (Delaware)

24/05/2023 19:29

** Shares of gourmet chocolate manufacturer Rocky Mountain
Chocolate Factory Inc  RMCF.O  down 2.9% at $5.67
    ** Co reports Q4 consolidated net loss of $1.7 mln vs
earnings of $359,000 a year earlier 
    ** Posts Q4 total revenue of $8.1 mln, up 5% year-over-year
    ** Also announces strategic transformation plan to
accelerate growth and profitability
    ** Says it is right-sizing brick-and-mortar footprint by
eliminating 25-35 underperforming stores
    ** Plans to add 75-100 new stores in highly visible and
trafficked locations, while selectively introducing a new
premium store concept in top U.S. luxury retail markets - co
    ** RMCF down marginally YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))