Giggles N’ Hugs, Inc. (GIGL) beats Revenue Projections in 2015
Earlier this month, Giggles N’ Hugs, Inc. (OTCQB: GIGL) filed its Annual Report (10-K) for the financial year ended December 27, 2015 with the Securities and Exchange Commission (SEC), and the report shows that the company is bringing home the bacon. Annual revenue was $3,451,772, which exceeded net sales for 2014 ($3,340,941) by $110,831, or three percent. That’s better than the industry as a whole. A report for the National Restaurant Association (NRA) prepared by Duff & Phelps, titled '2015 Restaurant Industry Forecast' (http://dtn.fm/tuqV5), estimated that ‘in inflation-adjusted terms, industry sales are projected to increase 1.5 percent in 2015.’ However,…