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DURANGO, Colo. - Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF), a chocolate retailer with a market capitalization of $11.38 million and annual revenue of $29.55 million, has acquired its Camarillo, California franchise location, the company announced Tuesday in a press release.
The Camarillo store, which opened in October 1995 and has been operated by franchisee Kim LaMonica since 1996, will join the company’s small portfolio of corporate-owned locations alongside stores in Durango, Colorado and Corpus Christi, Texas. According to InvestingPro data, the company maintains a healthy current ratio of 1.36, though it faces challenges with a modest 12.29% gross profit margin.
"This acquisition not only reflects the enduring appeal of our products in one of America’s most affluent communities but also advances our strategy of operating select stores," said Jeff Geygan, Interim CEO of RMCF.
The Camarillo location is one of fifteen Rocky Mountain Chocolate Factory stores in the Los Angeles area. According to the company, the acquisition aligns with its strategy to use company-owned locations to implement retail best practices and strengthen profitability.
The chocolate retailer indicated it plans to introduce its redesigned store experience to the Camarillo location and is focused on selectively expanding its retail footprint in Southern California and other markets.
Rocky Mountain Chocolate Factory, founded in 1981, operates over 250 stores across the United States and internationally through its franchise and licensing model.
In other recent news, Rocky Mountain Chocolate Factory reported a revenue increase for the fourth quarter of fiscal year 2025, reaching $8.9 million, up from $7.3 million the previous year. Despite this revenue growth, the company experienced a net loss of $2.9 million for the quarter. The company has also regained compliance with Nasdaq listing requirements after filing its delayed annual report, with Nasdaq confirming compliance on June 23. Additionally, Rocky Mountain Chocolate Factory will transfer its stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective Thursday.
In corporate governance updates, the company held its 2025 Annual Meeting of Stockholders, where shareholders elected five directors to serve until the 2026 annual meeting. Rocky Mountain Chocolate Factory has also appointed Luis Burgos as Vice President of Operations, bringing nearly three decades of experience in manufacturing and distribution. These developments reflect the company’s ongoing strategic initiatives and management changes.
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