Benzinga | Jul 15, 2021 07:07AM EDT

Rocky Mountain Chocolate Factory Reports Profit In Q1

* Rocky Mountain Chocolate Factory Inc (NASDAQ:RMCF) reported first-quarter FY21 revenue growth of 181% year-on-year to $7.59 million.

* The company realized $5 million in total factory sales, a 136% hike Y/Y.

* Retail sales increased 320% Y/Y to $0.79 million as all company-owned stores being open during the three months ended May 31, 2021.

* Royalty and marketing fees rose 425% to $1.7 million primarily due to COVID-19 and the associated public health measures in place.

* Same-store sales at domestic franchise locations increased 14.0% compared to pre-pandemic levels.

* 8.5% operating margin with $0.65 million operating income was recorded.

* Adjusted EBITDA for the quarter was $1.1 million.

* EPS for the quarter was $0.09, versus a loss of $(0.61) last year. Net income was $0.58 million, versus a net loss of $(3.7) million prior year.

* Price action: RMCF shares closed lower by 0.86% at $8.07 on Wednesday.