Giggles N’ Hugs Announces First Quarter Revenue Up 11.7% year over year
Giggles N' Hugs, Inc. (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, announces its financial results for the thirteen weeks ended March 29, 2015. First Quarter Highlights: · Revenue increased 11.7% year-over-year to $0.9 million · Total costs and operating expenses decreased 6.9% year-over-year · Total long-term liabilities were $1.7 million at quarter end, down 3.8% from year-end 2014 "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…