Single Column Posts

3 min read

Jeff Horn and Tim Tszyu will be aired live in the United States, as ESPN+ have picked up the fight, which will stream at 5...

5 min read

Indy 500 live: In a normal season is that the finale of what is commonly known as the Month of May in IndyCar racing. The...

4 min read

PSG vs RB Leipzig Live :Are two clubs which have made many enemies among football fans, but maybe not to the way they playwith. On...

4 min read

RB Leipzig v Paris Saint-Germain live stream: How to watch Champions League clash for free – kick-off time, TV Channel and radio coverage.Semifinals start Tuesday...

4 min read

Nets vs Raptors live :After two weeks of seeding games, the action inside the bubble at Disney World will continue with the 2020 NBA Playoffs....

3 min read

Raptors vs Nets Live : After Fourteen Days of seeding Matches, the action in the bubble at Disney World will last using the 2020 NBA...

4 min read

The Utah Jazz do Not have a Solid track record Contrary to the Denver Nuggets this season. Denver won all three matchups this season, all...

5 min read

Barcelona player talks about tonight's Champions League quarter-final against his former club Bayern Munich. The midfielder is well-known for his self-sacrificing style of drama and...

5 min read

Present Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well-known for his self-sacrificing style of...

6 min read

Current Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well known for his self-sacrificing manner...

September 27, 2020

The Post Wired

News On Trending

Investors Alert: Giggles N Hugs Inc (OTCQB: GIGL)

Spread the love

On Thursday, Giggles N Hugs Inc (OTCQB: GIGL) started its trading session with the price $0.01 and closed at price of $0.01 by scoring 1.48%. Day range of the stock was $0.01 – $0.01. GIGL stock traded with total volume of 212000 shares while the average trading capacity remained 138168 shares.  Earnings per share was $0. GIGL has total market capitalization of $2314258.

Giggles N’ Hugs (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, reported record results for its quarter ended March 31, 2019.

First Quarter 2019 Highlights:

Net sales up 14% to a record $699,226

Record store-level profits of $152,990 up over 360% from $41,750 in the prior year period

Record store-level margins of 21.9%, up over 320% from 6.8% in the prior year period

Approaching breakeven; Net loss decreased 47% to $127906

“It was a huge quarter for us anyway you measure it, and we feel we owe it to both the weather and our proven and unique concept,” stated Joey Parsi, Founder and co-CEO of Giggle N’ Hugs. With net sales up an impressive 14% versus the prior year, we are excited about the future.  On the store level, we achieved over $150k in store-level profits, or EBITDA, up over 360%, as compared to prior year period, a record and a milestone for the company. Below is a more detailed break out of the revenue and expenses, between store level and corporate, showing that the Company achieved  historic and record store level margins of 21.9%, up over 320% compared to 6.8% in the prior year period, getting us closer to break even, even after absorbing corporate and overhead costs.”