In Q1 2008, RMCF pounds of confectionery products purchased from the factory by franchisees declined 14%. Also, net earnings declined 2.6% to $1 million, compared with $1.03 million in the three months ending May 31, 2007. RMCF CFO claimes the decline is due to "weakness in retail sales throughout the US and lower foot traffic in most shopping environments."
RMCF will launch a $3 million stock buyback plan. In May 2007, RMCF launched a $5 million stock buyback plan. 412,000 shares were purchased under the previous buyback plan.