Giggles N’ Hugs, Inc. (OTCQB: GIGL) is bringing together
high-end, organic food and active, cutting-edge play and entertainment for
children in its revolutionary restaurants. Unlike its competitors, the company
offers high-quality menu items made from fresh, local ingredients, creating a
healthier alternative to traditional family-friendly dining options. In
addition to great food, nightly entertainment, including magic shows, concerts,
puppet shows and face painting, ensures that each visit to Giggles N’ Hugs is a
memorable experience.
“Going out to dinner shouldn’t mean compromising our
standards for our children,” Dorsa Parsi, co-founder of Giggles N’ Hugs, stated
in the news release. “All of the food at Giggles N’ Hugs is made with the
finest, freshest quality available.”
To counteract the general disdain for vegetables present in
kids of all age, Giggles N’ Hugs created Mom’s Tricky Treat Sauce. This unique
concoction hides pureed vegetables in kids’ favorite meals – including pizza,
pastas and macaroni and cheese – giving children the dishes they love and
parents the peace of mind that comes with knowing that their little ones are
eating healthy.
By targeting the organic food market with its restaurants,
Giggles N’ Hugs is in a strong position to capitalize on the forecast growth of
the industry moving forward. According to a report by Statista, organic food
sales have been on a steady climb since 2009. In 2013, the market grew by 11.5%
as consumer preference continued to shift toward healthier dining options.
For Giggles N’ Hugs, healthy food is just one piece of the
puzzle, however. By filling restaurants with attractions such as kid-sized
castles, giant climbers, pirate ships and walk-on dragons, the growing company
ensures that it is a favorite for family members of all ages. This commitment
to excellence opened the door for recognition from major industry players. In
particular, Giggles N’ Hugs was voted ‘#1 Birthday Party Place in Los Angeles’
and ‘Best Pizza in Los Angeles’ by Nickelodeon, but the company’s success has
gone beyond industry recognition.
In the first quarter of 2015, Giggles ‘N Hugs recorded an
11.7% increase in year-over-year revenue. Likewise, total costs and operating
expenses decreased by 6.9% for the period.
“This is the first quarter we’re seeing true year-over-year
comparisons for our three current locations, and to report double-digit revenue
growth in the period bodes very well for our long-term success,” stated Joey
Parsi, founder and CEO of Giggles N’ Hugs. “We also took important steps to
prepare for our expansion… moving forward on our goal of expanding to 12
company-owned locations by the end of 2017.”
Increased revenue from private party rentals and sales of
membership cards and branded merchandise should allow the company to achieve
continued financial improvement into the future. With a growing collection of
celebrity endorsements increasing brand awareness, look for Giggles ‘N Hugs to
make significant strides towards expanding its presence in the family-friendly
restaurant industry in the years to come. For investors, early increases in
revenue and ample industry recognition make Giggles ‘N Hugs an intriguing
investment opportunity moving forward.
For more information, visit www.gigglesnhugs.com
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