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,” stated Dorsa Parsi, cofounder of Giggles N’ Hugs. “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 forecasted 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 percent as consumer preference continued to shift towards 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 percent increase in year-over-year revenue. Likewise, total costs and operating expenses decreased by 6.9 percent 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 Chief Executive Officer 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
