# EDGAR Filing Document

**Accession Number:** 0001616262
**File Stem:** 0001437749-26-001186
**Filing Date:** 2026-1
**Character Count:** 19636
**Document Hash:** 09d7feab34822074defb2a299cf38886
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-001186.hdr.sgml**: 20260113

**ACCESSION NUMBER**: 0001437749-26-001186

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260113

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260113

**DATE AS OF CHANGE**: 20260113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rocky Mountain Chocolate Factory, Inc.
- **CENTRAL INDEX KEY:** 0001616262
- **STANDARD INDUSTRIAL CLASSIFICATION:** SUGAR & CONFECTIONERY PRODUCTS [2060]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 471535633
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36865
- **FILM NUMBER:** 26530131

**BUSINESS ADDRESS:**
- **STREET 1:** 265 TURNER DRIVE
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (970) 259-0554

**MAIL ADDRESS:**
- **STREET 1:** 265 TURNER DRIVE
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Rocky Mountain Brands, Inc.
- **DATE OF NAME CHANGE:** 20140808

?xml version='1.0' encoding='ASCII'? rmcfd20260112_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): January 13, 2026

**Rocky Mountain Chocolate Factory, Inc.**

*(Exact name of registrant as specified in its charter)*

![logo.jpg](logo.jpg)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36865** | **47-1535633** |
| *(State or other jurisdiction*<br> *of incorporation)* | *(Commission*<br> *File Number)* | *(IRS Employer*<br> *Identification No.)* |

---

**265 Turner Drive**

**Durango, Colorado 81303**

*(Address, including zip code, of principal executive offices)*

Registrant's telephone number, including area code: **(970) 259-0554**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol</u> | <u>Name of each exchange on which registered</u> |
| **Common Stock, $0.001 par value per share** | **RMCF** | **Nasdaq Capital Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02. Results of Operations and Financial Condition.**

On January 13, 2026, Rocky Mountain Chocolate Factory, Inc. (the "Company") issued a press release (the "Release") reporting its results of operations for the three and nine months ended November 30, 2025. A copy of the Release is attached hereto as Exhibit 99.1.

The information contained in this Current Report on Form 8-K, including Exhibit 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any other filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language included in such filing, except as expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1\* | [Press release of Rocky Mountain Chocolate Factory, Inc., dated January 13, 2026](ex_906628.htm) |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |

---

\*Furnished herewith

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.** | **ROCKY MOUNTAIN CHOCOLATE FACTORY, INC.** |
| Date: January 13, 2026 | By: | /s/ Jeffrey R. Geygan |
|  | Name: | Jeffrey R. Geygan |
|  | Title: | Interim Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![logo.jpg](logo.jpg)

**ROCKY MOUNTAIN CHOCOLATE FACTORY REPORTS THIRD QUARTER FISCAL 2026 FINANCIAL RESULTS**

*Improved Operating Performance Drives Meaningful Gains in Gross Margin and Profitability* 

*Executed Milestone Franchise Area Development Agreement to Bring 34 New Stores to Market* 

*Management to Host Conference Call Wednesday at 9:00 a.m. Eastern Time*

**DURANGO, Colo., January 13, 2026 (GLOBE NEWSWIRE) --** Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF) (the "Company", "we", "RMCF", or "Rocky Mountain Chocolate Factory"), America's Chocolatier™ and a leading franchiser of a premium chocolate and confectionary retail store concept, is reporting financial and operating results for its third quarter of fiscal 2026, which ended November 30, 2025.

"During the third quarter, we continued to execute our margin-first transformation, making deliberate decisions to exit lower-margin revenue streams and prioritize profitability," said Jeff Geygan, Interim CEO of Rocky Mountain Chocolate Factory. "This led to meaningful improvement in gross profit and margin, which remains our primary focus as we reposition the business for sustainable growth. Ongoing initiatives related to pricing adjustments, SKU rationalization and improved product mix are beginning to take hold, even as we work through higher input costs and near-term operational inefficiencies tied to production transitions.

"At the same time, we are seeing very encouraging momentum across our franchise development pipeline. We currently have two new stores under construction and announced a new Area Development Agreement with four franchisees that will bring 34 new stores to market, reflecting growing interest from well-capitalized, financially sophisticated, multi-unit operators who are aligned with our refreshed strategy and brand direction. Our franchise development team is actively working to capitalize on new franchise opportunities, supported by improved digital marketing and a targeted approach to identifying the right partners for long-term success."

"Subsequent to quarter end," Geygan continued, "we took important steps to strengthen our financial position by completing a $2.7 million equity capital raise, allowing us to reduce leverage and reinforce our balance sheet with additional working capital. This improved liquidity provides greater flexibility to invest in our operations and advance key strategic initiatives.

------

"As we continue through our transformational process, we are increasingly focused on leveraging the tools and capabilities we've put in place to drive stronger execution across the system. With over 120 franchise stores now live on our new point-of-sale platform, we expect to have greater visibility into customer behavior and store-level performance, enabling more informed, data-driven decisions that can enhance franchisee performance over time. Further, our recently launched third-party delivery and catering service integration expands digital capabilities and off-premise access while preserving attractive economics for our franchise partners. Alongside a broader set of operational and technology initiatives underway, we believe these efforts are strengthening system-wide visibility and execution as we continue to scale."

**Fiscal Third Quarter 2026 Financial Results vs. Year-Ago Quarter** 

● Total revenue was $7.5 million for the third quarter of fiscal 2026 compared to $7.9 million in the year-ago quarter, reflecting the Company's intentional exit from lower-margin specialty and wholesale channels as part of its margin-first strategy. The decline was partially offset by the benefit of pricing actions across various SKUs.

● Total product and retail gross profit increased to $1.4 million in the third quarter of fiscal 2026 compared to $0.7 million in the year-ago quarter, driven by pricing actions, improved product mix and labor efficiencies. While these gains were partially offset by short-term operational inefficiencies relating to higher raw material and freight costs, the Company continues to optimize its manufacturing and cost structure.

● Total costs and expenses improved to $7.5 million in the third quarter of fiscal 2026, down from $8.6 million in the year-ago quarter with savings realized across nearly all areas of operations.

● Net loss was $0.2 million or $(0.02) per share for the third quarter of fiscal 2026, compared to a net loss of $0.8 million or $(0.11) per share in the year-ago quarter.

● EBITDA was $0.4 million in the third quarter of fiscal 2026 compared to $(0.4) million in the year-ago quarter, with the improvement driven by the aforementioned increase in gross profit and lower costs and expenses.

------

**Conference Call Information**

The Company will conduct a conference call to discuss its financial results. A question-and-answer session will follow management's opening remarks. The conference call details are as follows:

Date: Wednesday, January 14, 2026

Time: 9:00 a.m. Eastern time

Dial-in registration link: <u>here</u>

Live webcast registration link: <u>here</u>

Please dial into the conference call 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting to the conference call, please contact the Company's investor relations team at <u>RMCF@elevate-ir.com</u>.

The conference call will also be broadcast live and available for replay in the investor relations section of the Company's website at <u>https://ir.rmcf.com/</u>.

**About Rocky Mountain Chocolate Factory, Inc.**

<u>Rocky Mountain Chocolate Factory, Inc.</u> is a leading franchiser of a premium chocolate and confectionary retail store concept. As America's Chocolatier™, the Company has been producing an extensive line of premium chocolates and other confectionery products, including gourmet caramel apples since 1981. Headquartered in Durango, Colorado, Rocky Mountain Chocolate Factory is ranked among Entrepreneur's Franchise 500® for 2025 and Franchise Times' Franchise 400® for 2024. The Company and its franchisees and licensees operate over 250 Rocky Mountain Chocolate Factory stores across the United States, with several international locations. The Company's common stock is listed on the Nasdaq Global Market under the symbol "RMCF."

------

**Forward-Looking Statements**

This press release includes statements of our expectations, intentions, plans, and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements involve various risks and uncertainties. The statements, other than statements of historical fact, included in this press release are forward-looking statements. Many of the forward-looking statements contained in this document may be identified by the use of forward-looking words such as "will," "intend," "believe," "expect," "anticipate," "should," "plan," "estimate," "potential," "may," "would," "could," "continue," "likely," "might," "seek," "outlook," "explore," or the negative of these terms or other similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements regarding future financial and operating results, our business strategy and plan, our strategic priorities, our store pipeline, and our transformation, are forward-looking statements. Management of the Company believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to: inflationary impacts, the outcome of legal proceedings, changes in the confectionery business environment, seasonality, consumer interest in our products, receptiveness of our products internationally, consumer and retail trends, costs and availability of raw materials, competition, the success of our co-branding strategy, the success of international expansion efforts, financial covenants in our credit agreements, and the effect of government regulations. For a detailed discussion of the risks and uncertainties that may cause our actual results to differ from the forward-looking statements contained herein, please see the section entitled "Risk Factors" contained in our periodic reports, each filed with the Securities and Exchange Commission.

**GAAP to Non-GAAP Financial Measures**

This press release includes a non-GAAP financial measure, EBITDA, which the Company defines as net earnings attributable to the Company before interest expense, taxes on income, and depreciation and amortization. A reconciliation of EBITDA with GAAP net earnings attributable to the three months ended November 30, 2025 and 2024 is included in this press release.

**Investor Contact**

Sean Mansouri, CFA

Elevate IR

720-330-2829

<u>RMCF@elevate-ir.com</u>

------

**Rocky Mountain Chocolate Factory, Inc. and Subsidiaries**

**Condensed Consolidated Balance Sheets** 

*(In thousands, except share and per share amounts)*

---

| | | |
|:---|:---|:---|
|  | November 30, 2025 (unaudited) | February 28, 2025 |
| **Assets** |  |  |
| **Current Assets** |  |  |
| Cash and cash equivalents | $641 | $720 |
| Accounts receivable, less allowance for credit losses of $157 and $307, respectively | 3851 | 3405 |
| Notes receivable, current portion, less current portion of the allowance for credit losses of $28 | 66 | 11 |
| Refundable income taxes | 64 | 64 |
| Inventories | 3962 | 4630 |
| Other | 481 | 393 |
| Total current assets | 9065 | 9223 |
| **Property and Equipment, Net** | 8820 | 9409 |
| **Other Assets** |  |  |
| Notes receivable, net of current portion | 51 | 69 |
| Goodwill | 576 | 576 |
| Intangible assets, net | 190 | 210 |
| Lease right of use asset | 1430 | 1241 |
| Other | 596 | 447 |
| Total other assets | 2843 | 2543 |
| **Total Assets** | $20728 | $21175 |
| **Liabilities and Stockholders' Equity** |  |  |
| **Current Liabilities** |  |  |
| Accounts payable | $3450 | $4816 |
| Accrued salaries and wages | 636 | 697 |
| Gift card liabilities | 652 | 649 |
| Other accrued expenses | 162 | 80 |
| Contract liabilities | 103 | 139 |
| Lease liability, current portion | 460 | 488 |
| Total current liabilities | 5463 | 6869 |
| Notes payable | 7770 | 5957 |
| Lease liability, less current portion | 992 | 770 |
| Contract liabilities, less current portion | 497 | 604 |
| **Total Liabilities** | 14722 | 14200 |
| **Commitments and Contingencies** |  |  |
| **Stockholders' Equity** |  |  |
| Preferred stock, $0.001 par value per share; 250,000 authorized; 0 shares issued and outstanding |  |  |
| Common stock, $0.001 par value, 46,000,000 shares authorized, 7,804,230 shares and 7,722,174 shares issued and outstanding, respectively | 8 | 8 |
| Additional paid-in capital | 12527 | 12355 |
| Accumulated deficit | (6529) | (5388) |
| Total stockholders' equity | 6006 | 6975 |
| **Total Liabilities and Stockholders' Equity** | $20728 | $21175 |

---

------

**Rocky Mountain Chocolate Factory, Inc. and Subsidiaries** 

**Condensed Consolidated Statements of Operations**

*(In thousands, except share and per share amounts)*

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
|  | November 30, | November 30, | November 30, | November 30, |
|  | 2025 | 2024 | 2025 | 2024 |
| **Revenues** |  |  |  |  |
| Sales | $6332 | $6719 | $16233 | $16916 |
| Franchise and royalty fees | 1211 | 1174 | 4506 | 3764 |
| Total Revenue | 7543 | 7893 | 20739 | 20680 |
| **Costs and Expenses** |  |  |  |  |
| Cost of sales | 4979 | 6044 | 14587 | 15980 |
| Franchise costs | 590 | 616 | 1737 | 2109 |
| Sales and marketing | 242 | 272 | 671 | 840 |
| General and administrative | 1158 | 1427 | 3135 | 4288 |
| Retail operating | 380 | 171 | 813 | 564 |
| Depreciation and amortization, exclusive of depreciation and amortization expense of $233, $211, $698 and $598, respectively, included in cost of sales | 112 | 63 | 338 | 143 |
| Total costs and expenses | 7461 | 8593 | 21281 | 23924 |
| **Income (Loss) from Operations** | 82 | (700) | (542) | (3244) |
| **Other Income (Expense)** |  |  |  |  |
| Interest expense | (243) | (160) | (621) | (258) |
| Interest income | 6 | 7 | 22 | 21 |
| Gain on disposal of assets |  | 6 |  | 254 |
| Other (expense) income, net | (237) | (147) | (599) | 17 |
| **Loss Before Income Taxes** | (155) | (847) | (1141) | (3227) |
| **Income Tax Provision (Benefit)** |  |  |  |  |
| **Net Loss** | $(155) | $(847) | $(1141) | $(3227) |
| **Basic Loss per Common Share** | $(0.02) | $(0.11) | $(0.15) | $(0.47) |
| **Diluted Loss per Common Share** | $(0.02) | $(0.11) | $(0.15) | $(0.47) |
| **Weighted Average Common Shares Outstanding - Basic** | 7799396 | 7643690 | 7775948 | 6883263 |
| **Dilutive Effect of Employee Stock Awards** |  |  |  |  |
| **Weighted Average Common Shares Outstanding - Diluted** | 7799396 | 7643690 | 7775948 | 6883263 |

---

------

**Rocky Mountain Chocolate Factory, Inc. and Subsidiaries** 

**Condensed Consolidated Computation of EBITDA**

*(In thousands* – *Unaudited)*

*Three Months Ended November 30,*

---

| | | |
|:---|:---|:---|
|  | FY26 | FY25 |
| Net Loss | $(155) | $(847) |
| Depreciation & Amortization | 345 | 274 |
| Interest | 237 | 153 |
| EBITDA | $427 | $(420) |

---