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Rocky Mountain Chocolate Factory fiscal Q1 profit climbs YOY

Rocky Mountain Chocolate Factory Inc. said its normalized net income for the fiscal first quarter ended May 31 amounted to 11 cents per share, an increase of 7.6% from 10 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $683,140, a gain from $663,120 in the prior-year period.

The normalized profit margin increased to 6.6% from 6.4% in the year-earlier period.

Total revenue totaled $10.4 million, compared with $10.3 million in the year-earlier period, and total operating expenses rose on an annual basis to $9.0 million from $8.9 million.

Reported net income increased on an annual basis to $745,800, or 12 cents per share, from $713,710, or 11 cents per share.