Rocky Mountain Chocolate Factory, which franchises gourmet chocolate and confectionery stores and manufactures an extensive line of premium chocolates and other confectionery products, has reported a 12.2% rise in second-quarter revenues.
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For the three months ended 31 August 2005, revenues increased to approximately US$6.6m, compared with revenues of $5.9m in the second quarter of the previous year. Comparable-store sales at franchised retail outlets slid 0.8% compared to the year-ago quarter, which the company attributed to an unseasonably hot summer in many regions of the country, along with a modest softening in the retail sector of the economy.
Net earnings for the second quarter increased 12.0% to $1.12m, or 17 cents per share, compared to $1.00m, or 16 cents per share, a year earlier.
“As we enter the cooler autumn months, we expect store sales and pounds of product purchased from our factory to strengthen,” said chief operating officer and chief financial officer Bryan Merryman. “We are optimistic that year-over-year earnings comparisons in the third and fourth quarters will be stronger than in the first half of the year, and we remain comfortable with our previous guidance that full-year earnings should rise 20 to 25% from the record levels reported in fiscal 2005.”
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