Los Angeles, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Gi
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Posted On: 08/23/2017 3:09:37 PM
Los Angeles, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Giggles N’ Hugs, Inc. (GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, today announced its financial performance for the second quarter ended July 2, 2017 and provides a shareholder update on recent business activities.
Second Quarter Highlights:
Same store Net sales for Glendale location increased 4.3% year-over-year
Same store Net sales for Topanga location increased 5.0% year-over-year
Cost of operations decreased 41.5% year-over-year to $429,164
Loss from operations improved 46.2% year-over-year
Glendale location generated record positive cashflow of over 35% at the unit level
Second Quarter Highlights:
Same store Net sales for Glendale location increased 4.3% year-over-year
Same store Net sales for Topanga location increased 5.0% year-over-year
Cost of operations decreased 41.5% year-over-year to $429,164
Loss from operations improved 46.2% year-over-year
Glendale location generated record positive cashflow of over 35% at the unit level
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