Tranche Update on Rocky Mountain Chocolate Factory, Inc.'s Equity Buyback Plan announced on July 15, 2014.
January 12, 2018 at 04:44 pm EST
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From September 1, 2017 to November 30, 2017, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 514,516 shares, representing 8.5% for $6.51 million under the buyback announced on July 15, 2014.
Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer and retail operator. The Company produces chocolate candies and other confectionery products (Durango Products). It also sells its candy in select locations outside its system of retail stores. It operates through three segments: Franchising, Manufacturing and Retail Stores. It produces over 400 chocolate candies and other confectionery products, including many varieties of clusters, caramels, creams, toffees, mints and truffles. Its individual stores also offer numerous varieties of gourmet caramel apples as well as other products prepared in the store from Company recipes. It sells its products in a select number of specialty markets, including wholesale, fundraising, corporate sales, e-commerce, and private label. It has two Company-owned and has approximately 115 licensee-owned and 152 Rocky Mountain Chocolate Factory franchised stores spread across 36 states and the Philippines.