Business
Rocky Mountain Chocolate Factory, Inc. Reports 7.1 Percent Increase in First Quarter FY2016 Adjusted Diluted E.P.S.
Rocky Mountain Chocolate Factory, Inc. Reports 7.1 Percent Increase in First Quarter FY2016 Adjusted Diluted E.P.S..
About this update from U-swirl Inc
[{"type":"text","content":"\n \n \n Rocky Mountain Chocolate Factory, Inc. Reports 7.1 Percent Increase in First Quarter FY2016 Adjusted Diluted E.P.S.\n \n \nRocky Mountain Chocolate Factory, Inc. Reports 7.1 Percent Increase in First Quarter FY2016 Adjusted Diluted E.P.S.\n \n DURANGO, CO--(Marketwired - Jul 14, 2015) - Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF) (the \"Company\") today reported its operating results for the quarter ended May 31, 2015 (\"the first quarter of FY2016\"). The Company franchises and operates gourmet chocolate and confection stores and manufactures an extensive line of premium chocolates and other confectionery products. U-Swirl, Inc. (OTCQB: SWRL) (\"U-Swirl\"), a subsidiary in which the Company owns a controlling interest, franchises and operates self-serve frozen yogurt cafés. The Company will host an investor conference call today at 4:15 p.m. Eastern Daylight Time to discuss its operating results for the first quarter of FY2016 and other topics of interest (see details below).\n FIRST QUARTER HIGHLIGHTS \n \n \n Revenue increased 0.4 percent to approximately $10.4 million in the first quarter of FY2016, compared with revenue of approximately $10.3 million in the first quarter of FY2015. Same-store sales for all franchised stores and cafés in operation decreased 1.1 percent during the most recent quarter, when compared with prior-year levels. Same-store pounds of product purchased from the Company's factory by franchisees and co-branded licensees declined 1.0 percent in the first quarter of FY2016 when compared with the first quarter of FY2015. \n \n \nNet income attributable to RMCF shareholders increased 7.3 percent to $763,000, or $0.13 per basic and $0.12 per diluted share, in the first quarter of FY2016, versus net income attributable to RMCF shareholders of $711,000, or $0.12 per basic and $0.11 per diluted share, in the first quarter of FY2015. \n \n \nAdjusted net income, a non-GAAP measure defined later in this release, increased slightly to $926,000 in the first quarter of FY2016, compared with $924,000 in the first quarter of FY2015. Non-GAAP adjusted diluted earnings per share rose 7.1 percent to $0.15 per share in the most recent quarter, compared with $0.14 per share in the first quarter of the prior year. \n \n \nAdjusted&...