First Quarter Positive EBITDA
Rocky Mountain Chocolate Factory reported positive EBITDA for the first time in several years, reaching $2 million compared to a negative $1.4 million in the previous year.
Improved Gross Profit
Total product and retail gross profit increased to $0.3 million from a negative $0.3 million, driven by pricing adjustments and operational efficiencies.
Reduction in Costs and Expenses
Costs and expenses decreased to $6.5 million from $8 million last year due to lower G&A costs and operating efficiencies.
Expansion and Brand Refresh Initiatives
The company opened a new store in Charleston, South Carolina, with a modern brand identity and is preparing to open a premier location in downtown Chicago.
Implementation of New Systems
Adoption of a new POS system accelerated, enhancing decision-making and providing key insights. ERP implementation improved visibility into inventory and operational performance.