Durango-based Rocky Mountain Chocolate Factory announced today that for the quarter ended Feb. 29, total revenue increased 13 percent to approximately $10.1 million, compared with revenues of approximately $9 million in the fourth quarter of the previous fiscal year.
Same-store sales at franchised retail outlets increased by 4 percent versus the prior-year quarter.
The company said that total factory sales increased 14.5 percent from the prior-year quarter to $7 million (versus $6.2 million), primarily due to a 25.4 percent increase in sales to customers outside the company’s retail store network, along with a 9.4 percent increase in sales to franchised and licensed stores that was driven by a 6 percent increase in same-store pounds purchased by the company’s network of franchised stores.
Retail sales increased 24.1 percent to $1.5 million in the fourth quarter of fiscal year 2012, from $1.2 million in the fourth quarter for fiscal year 2011.
Net income for the fourth quarter of fiscal year 2012 increased 13.6 percent to $1,319,852, versus $1,162,118 in the fourth quarter of the previous fiscal year.
Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com or twitter@HowardPankratz
