Rocky Mountain Chocolate Factory, Inc. (RMCF) has reported an 11.20 percent rise in profit for the quarter ended May 31, 2017. The company has earned $0.81 million, or $0.14 a share in the quarter, compared with $0.73 million, or $0.12 a share for the same period last year.
Revenue during the quarter went down marginally by 0.32 percent to $9.35 million from $9.38 million in the previous year period. Gross margin for the quarter contracted 114 basis points over the previous year period to 34.70 percent. Total expenses were 86.15 percent of quarterly revenues, down from 87.38 percent for the same period last year. This has led to an improvement of 123 basis points in operating margin to 13.85 percent.
Operating income for the quarter was $1.29 million, compared with $1.18 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $1.75 million compared with $1.74 million in the prior year period. At the same time, adjusted EBITDA margin improved 20 basis points in the quarter to 18.71 percent from 18.52 percent in the last year period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]