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Rocky Mountain Chocolate Factory profit misses consensus by 16.9% in fiscal Q2

Rocky Mountain Chocolate Factory Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 came to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS increased 26.7% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.2 million, an increase of 25.8% from $935,700 in the year-earlier period.

The normalized profit margin climbed to 12.4% from 10.8% in the year-earlier period.

Total revenue rose 9.2% on an annual basis to $9.5 million from $8.7 million, and total operating expenses grew 5.3% from the prior-year period to $7.4 million from $7.1 million.

Reported net income declined 13.1% year over year to $901,560, or 14 cents per share, from $1.0 million, or 16 cents per share.