Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF the "Company'') today reported record basic earnings per share of $.19 for the quarter ended May 31, 2001 compared to $.10 per share for the comparable period in the prior year, an increase of 90%. Net income in the first quarter of fiscal 2002 increased 60.2% to a record $351,000 from $219,000 in the first quarter of 2001. Excluding retail sales, revenues increased 12.9% in the first quarter of fiscal 2002, to $3,655,000 from $3,239,000 for the comparable period in the prior year.