Rocky Mountain Chocolate Factory, Inc. (RMCF)

The company's stock price declined by 30.58% from January 6, 2025, to January 5, 2026. In Fiscal Q1 2026, RMCF reported a net loss of $0.3 million, an improvement from the prior year, with flat total revenue. In Fiscal Q2 2026, total revenue rose, but product and retail gross profit swung to a loss, with a net loss of $0.7 million. Global Value Investment Corp. and related parties purchased RMCF shares in October and November 2025. Rocky Mountain Chocolate Factory announced commitments for 34 new stores through area development agreements and celebrated the grand opening of a new Charleston prototype store. In Fiscal Q3 2026, the company reported a loss of $155,000, with decreased revenue due to exiting lower-margin channels, but product and retail gross profit rose due to pricing, mix, and labor efficiencies.

Rocky Mountain Chocolate Factory's business experiences seasonal fluctuations in sales. The strongest sales periods typically occur during key holidays, such as Christmas, and the summer vacation seasons. This seasonality influences quarterly results, and the company strategically builds inventory for the holiday season.

Rocky Mountain Chocolate Factory, Inc. (RMCF), now known as Rocky Mountain Chocolate, is an international franchiser, confectionery manufacturer, and retail operator founded in 1981 and headquartered in Durango, Colorado. The company operates within the Consumer Staples sector, specifically in the Food Products and Specialty Foods industries. RMCF manufactures an extensive line of premium chocolate candies and other confectionery products, utilizing proprietary recipes in its 53,000-square-foot production facility, which produces approximately 300 different types of products, including sugar-free and diabetic-friendly options.

Rocky Mountain Chocolate Factory has an international presence, with franchised and licensed retail stores across the United States, Canada, Panama, and the Philippines. As of August 27, 2025, there were 258 Rocky Mountain Chocolate Factory locations in the United States, with California, Colorado, and Texas having the highest number of stores. The company and its franchisees and licensees operate over 250 stores across these regions.

Rocky Mountain Chocolate Factory has maintained a positive brand reputation. In 2022, Newsweek named Rocky Mountain Chocolate America's Best Chocolate and Candy Store. The company has been recognized among Entrepreneur's Franchise 500® for 2025 and Franchise Times' Franchise 400® for 2024. In September 2023, the company rebranded from "Rocky Mountain Chocolate Factory, Inc." to "Rocky Mountain Chocolate."

Rocky Mountain Chocolate Factory's ownership structure includes institutional, insider, and retail investors. Approximately 26.26% to 50.27% of the company's stock is held by institutional investors, including Global Value Investment Corp. and Renaissance Technologies LLC. Insiders hold a substantial portion, estimated between 67.78% and 81.11% of the stock. Jeffrey Richart Geygan, the Interim CEO, owns a significant number of shares, and Global Value Investment Corp. is the largest individual shareholder.