Operating Segments (Tables)

9 Months Ended

Nov. 30, 2025


Three Months Ended November 30, 2025
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	1,211	$	5,918		$	617	$	-		$	7,746
Intersegment revenues		-		(203	)		-		-			(203	)
Revenue from external customers		1,211		5,715			617		-			7,543

Costs and Expenses
Cost of Sales		-		4,850			129		-			4,979
Labor costs		545		-			149		460			1,154
Operating expenses		190		-			231		190			611
Professional fees		-		-			-		281			281
Other general & administrative expenses		96		-			-		228			324
		831		4,850			509		1,159			7,349
Depreciation and amortization, exclusive of depreciation and amortization expense of $233 included in cost of sales (manufacturing segment)		10		-			3		99			112
Total costs and expenses		841		4,850			512		1,258			7,461

Segment profit (loss)		370		865			105		(1,258	)		82

Other income (expense)
Interest expense		-		-			-		(243	)		(243	)
Interest income		-		-			-		6			6
Other income (expense), net		-		-			-		(237	)		(237	)

Income (loss) before income taxes		370		865			105		(1,495	)		(155	)

Income tax provision		-		-			-		-			-

Consolidated net income (loss)	$	370	$	865		$	105	$	(1,495	)	$	(155	)

Other Segment Disclosures
Total assets		1,744		14,418			1,415		3,151			20,728
Capital expenditures		-		120			-		111			231


Three Months Ended November 30, 2024
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	1,174	$	6,640		$	360	$	-		$	8,174
Intersegment revenues		-		(281	)		-		-			(281	)
Revenue from external customers		1,174		6,359			360		-			7,893

Costs and Expenses
Cost of Sales		-		5,959			85		-			6,044
Labor costs		667		-			97		494			1,258
Operating expenses		74		-			74		104			252
Professional fees		51		-			-		499			550
Other general & administrative expenses		96		-			-		330			426
		888		5,959			256		1,427			8,530
Depreciation and amortization, exclusive of depreciation and amortization expense of $211 included in cost of sales (manufacturing segment)		15		-			2		46			63
Total costs and expenses		903		5,959			258		1,473			8,593

Segment profit (loss)		271		400			102		(1,473	)		(700	)

Other income (expense)
Interest expense		-		-			-		(160	)		(160	)
Interest income		-		-			-		7			7
Gain on disposal of assets		-		-			-		6			6
Other income (expense), net		-		-			-		(147	)		(147	)

Income (loss) before income taxes		271		400			102		(1,620	)		(847	)

Income tax provision		-		-			-		-			-

Consolidated net income (loss)	$	271	$	400		$	102	$	(1,620	)	$	(847	)

Other Segment Disclosures
Total assets		1,134		15,619			509		4,372			21,634
Capital expenditures		-		488			-		119			607


Nine Months Ended November 30, 2025
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	4,506	$	15,366		$	1,370	$	-		$	21,242
Intersegment revenues		-		(503	)		-		-			(503	)
Revenue from external customers		4,506		14,863			1,370		-			20,739

Costs and Expenses
Cost of Sales		-		14,263			324		-			14,587
Labor costs		1,563		-			333		1,307			3,203
Operating expenses		414		-			480		325			1,219
Professional fees		93		-			-		667			760
Other general & administrative expenses		337		-			-		837			1,174
		2,407		14,263			1,137		3,136			20,943
Depreciation and amortization, exclusive of depreciation and amortization expense of $698 included in cost of sales (manufacturing segment)		29		-			10		299			338
Total costs and expenses		2,436		14,263			1,147		3,435			21,281

Segment profit (loss)		2,070		600			223		(3,435	)		(542	)

Other income (expense)
Interest expense		-		-			-		(621	)		(621	)
Interest income		-		-			-		22			22
Other income (expense), net		-		-			-		(599	)		(599	)

Income (loss) before income taxes		2,070		600			223		(4,034	)		(1,141	)
Income tax provision		-		-			-		-			-

Consolidated net income (loss)	$	2,070	$	600		$	223	$	(4,034	)	$	(1,141	)

Other Segment Disclosures
Total assets		1,744		14,418			1,415		3,151			20,728
Capital expenditures		-		133			177		117			427


Nine Months Ended November 30, 2024
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	3,764	$	16,552		$	1,076	$	-		$	21,392
Intersegment revenues		-		(712	)		-		-			(712	)
Revenue from external customers		3,764		15,840			1,076		-			20,680

Costs and Expenses
Cost of Sales		-		15,666			314		-			15,980
Labor costs		1,782		-			318		1,694			3,794
Operating expenses		702		-			246		501			1,449
Professional fees		184		-			-		1,315			1,499
Other general & administrative expenses		281		-			-		778			1,059
		2,949		15,666			878		4,288			23,781
Depreciation and amortization, exclusive of depreciation and amortization expense of $598 included in cost of sales (manufacturing segment)		37		-			8		98			143
Total costs and expenses		2,986		15,666			886		4,386			23,924

Segment profit (loss)		778		174			190		(4,386	)		(3,244	)

Other income (expense)
Interest expense		-		-			-		(258	)		(258	)
Interest income		-		-			-		21			21
Gain (loss) on sale of assets		-		-			-		254			254
Other income, net		-		-			-		-			-
Other income (expense), net		-		-			-		17			17

Income (loss) before income taxes		778		174			190		(4,369	)		(3,227	)

Income tax provision		-		-			-		-			-

Consolidated net income (loss)	$	778	$	174		$	190	$	(4,369	)	$	(3,227	)

Other Segment Disclosures
Total assets		1,134		15,619			509		4,372			21,634
Capital expenditures		-		1,453			-		695			2,148

Rocky Mountain Chocolate Factory, Inc. 10-Q