$GIGL 3rd quarter 2017 report due next week. Based
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Posted On: 11/11/2017 11:46:25 AM
$GIGL 3rd quarter 2017 report due next week. Based on real sales figures it is suggesting the decline in revenues will likely continue.
GIGL Net Sales decreased $472,871 from same period last year for the 1st half of 2017.
2017 Net sales:
Thirteen Weeks Ended July 2, 2017 $575,824
Twenty -Six Weeks Ended July 2, 2017 $1,237,527
2016 Net sales:
Thirteen Weeks Ended June 26, 2016 $831,464
Twenty -Six Weeks Ended June 26, 2016 $1,710,398
Historical 3rd quarter performance:
Thirteen Weeks Ended September 25, 2016 $628,357
Thirteen Weeks Ended September 27, 2015 $901,251
A year to year sales decrease of -$272,894
IMO the company needs to address declining revenues and increasing corporate quarterly losses. $GIGL needs to get their existing retail units profitable before attempting further corporate expansion.
GIGL Net Sales decreased $472,871 from same period last year for the 1st half of 2017.
2017 Net sales:
Thirteen Weeks Ended July 2, 2017 $575,824
Twenty -Six Weeks Ended July 2, 2017 $1,237,527
2016 Net sales:
Thirteen Weeks Ended June 26, 2016 $831,464
Twenty -Six Weeks Ended June 26, 2016 $1,710,398
Historical 3rd quarter performance:
Thirteen Weeks Ended September 25, 2016 $628,357
Thirteen Weeks Ended September 27, 2015 $901,251
A year to year sales decrease of -$272,894
IMO the company needs to address declining revenues and increasing corporate quarterly losses. $GIGL needs to get their existing retail units profitable before attempting further corporate expansion.
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