Announces Year-Over Year Record Sales and Gross Margin Increases
Healthy Choice Wellness Corp. (NYSE-AM: HCWC) reported record-breaking revenue of an estimated $50 million for the nine-month period ending September 30th, a $10 million increase from the same period last year. The company also projects a record-breaking gross margin of $21 million, representing a 30% increase over the previous year.
CEO Jeffrey Holman attributed the growth to the team's hard work, dedication, and focus on delivering value and service to customers. The robust performance was driven by successful market expansion, penetration of new geographic regions through strategic acquisitions, and improved operational efficiencies. HCWC remains optimistic about its future prospects and is committed to expanding its footprint and delivering long-term shareholder value.
Healthy Choice Wellness Corp. (NYSE-AM: HCWC) ha riportato un guadagno record di circa 50 milioni di dollari per il periodo di nove mesi conclusosi il 30 settembre, un aumento di 10 milioni rispetto allo stesso periodo dell'anno precedente. L'azienda prevede anche un margine lordo record di 21 milioni di dollari, che rappresenta un incremento del 30% rispetto all'anno precedente.
Il CEO Jeffrey Holman ha attribuito la crescita al duro lavoro, alla dedizione e alla focalizzazione del team nel fornire valore e servizio ai clienti. Le robuste performance sono state guidate da una riuscita espansione del mercato, dall'ingresso in nuove regioni geografiche attraverso acquisizioni strategiche e da un miglioramento delle efficienze operative. HCWC rimane ottimista riguardo alle sue prospettive future e si impegna a espandere la sua presenza e a garantire un valore duraturo per gli azionisti.
Healthy Choice Wellness Corp. (NYSE-AM: HCWC) reportó unos ingresos récord de aproximadamente 50 millones de dólares para el período de nueve meses que finalizó el 30 de septiembre, un aumento de 10 millones con respecto al mismo período del año pasado. La compañía también proyecta un margen bruto récord de 21 millones de dólares, lo que representa un incremento del 30% en comparación con el año anterior.
El CEO Jeffrey Holman atribuyó el crecimiento al arduo trabajo, la dedicación y el enfoque del equipo en ofrecer valor y servicio a los clientes. El sólido desempeño fue impulsado por la exitosa expansión del mercado, la penetración en nuevas regiones geográficas a través de adquisiciones estratégicas y la mejora de las eficiencias operativas. HCWC se muestra optimista respecto a sus perspectivas futuras y está comprometida a ampliar su presencia y a ofrecer un valor sostenible a los accionistas.
Healthy Choice Wellness Corp. (NYSE-AM: HCWC)는 9개월 기간 동안 약 5천만 달러의 기록적인 수익을 보고하였고, 이는 지난해 동일 기간보다 1천만 달러 증가한 수치입니다. 이 회사는 또한 2천1백만 달러의 기록적인 총이익률을 예상하며, 이는 전년 대비 30% 증가한 수치입니다.
CEO 제프리 홀맨은 성장을 팀의 노고, 헌신 및 고객에게 가치를 제공하고 서비스를 제공하려는 집중 덕분이라고 언급했습니다. 이러한 강력한 실적은 성공적인 시장 확장, 전략적 인수를 통한 새로운 지리적 지역 진출 및 운영 효율성 개선에 의해 주도되었습니다. HCWC는 미래 전망에 대해 낙관적이며, 지속 가능한 주주 가치를 제공하고 영향력을 확대하는 데 헌신하고 있습니다.
Healthy Choice Wellness Corp. (NYSE-AM: HCWC) a annoncé un chiffre d'affaires record d'environ 50 millions de dollars pour la période de neuf mois se terminant le 30 septembre, soit une augmentation de 10 millions par rapport à la même période de l'année précédente. L'entreprise prévoit également un marge brute record de 21 millions de dollars, représentant une hausse de 30% par rapport à l'année précédente.
Le PDG Jeffrey Holman a attribué cette croissance au travail acharné, à la dédication et à la concentration de l'équipe sur la fourniture de valeur et de services aux clients. La performance robuste a été soutenue par une expansion réussie du marché, l'entrée dans de nouvelles régions géographiques grâce à des acquisitions stratégiques et l'amélioration des efficacités opérationnelles. HCWC se montre optimiste quant à ses perspectives d'avenir et s'engage à élargir son empreinte tout en offrant une valeur durable aux actionnaires.
Healthy Choice Wellness Corp. (NYSE-AM: HCWC) berichtete von einem rekordverdächtigen Umsatz von schätzungsweise 50 Millionen US-Dollar für den neunteiligen Zeitraum, der am 30. September endete, was einen Anstieg von 10 Millionen im Vergleich zum gleichen Zeitraum des Vorjahres darstellt. Das Unternehmen rechnet auch mit einem rekordverdächtigen Bruttogewinn von 21 Millionen US-Dollar, was einer Steigerung von 30% im Vergleich zum Vorjahr entspricht.
CEO Jeffrey Holman schrieb das Wachstum dem harten Einsatz, der Hingabe und dem Fokus des Teams zu, den Kunden Wert und Service zu liefern. Die starke Performance wurde durch eine erfolgreiche Markterweiterung, das Eindringen in neue geografische Regionen durch strategische Übernahmen und verbesserte betriebliche Effizienz angetrieben. HCWC bleibt optimistisch in Bezug auf die zukünftigen Perspektiven und verpflichtet sich, ihre Präsenz auszubauen und langfristigen Wert für die Aktionäre zu schaffen.
- Record-breaking revenue of $50 million for the nine-month period, a $10 million increase year-over-year
- Projected record-breaking gross margin of $21 million, a 30% increase over the previous year
- Successful expansion in market reach and penetration of new geographic regions
- Strategic acquisitions strengthening market position and expanding product offerings
- Implementation of cost-saving measures and improved operational efficiencies
- None.
Insights
The reported $50 million revenue for the nine-month period marks a significant
Key factors driving this performance include:
- Successful market expansion
- Strategic acquisitions
- Cost-saving measures
- Improved operational efficiencies
The gross margin percentage has increased from
While the growth is impressive, investors should consider the sustainability of this trajectory and potential integration challenges from acquisitions. The company's optimism and commitment to expansion could lead to further growth, but it may also increase operational risks and capital requirements.
HCWC's performance aligns with the growing trend in the wellness and healthy lifestyle sector. The company's ability to capitalize on this trend through strategic acquisitions and market expansion demonstrates effective market positioning.
The
- Increasing consumer awareness of health and wellness
- Successful product diversification
- Effective marketing and distribution strategies
The penetration into new geographic regions suggests a scalable business model with potential for further expansion. However, the company must navigate challenges such as intense competition, changing consumer preferences and potential regulatory hurdles in new markets.
Investors should monitor customer acquisition costs, retention rates and the performance of newly acquired businesses to gauge the sustainability of this growth trajectory. The company's ability to maintain its growth rate while expanding margins will be important for long-term success in this dynamic market.
HOLLYWOOD, FL, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Healthy Choice Wellness Corp. (“HCWC” or the “Company”) (NYSE-AM: HCWC), a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives, announced record-breaking revenue estimated at
Jeffrey Holman, CEO, stated “We are extremely pleased with our sales and gross margin performance thus far this year. This growth is a testament to our team’s hard work, dedication, and unwavering focus on delivering exceptional value and service to our customers. We are well-positioned to capitalize on the growing demand for our products as we continue to drive sustainable growth,” Holman stated. “The Company’s robust performance was driven by several factors, including the successful expansion in its market reach and the penetration of new geographic regions through several strategic acquisitions that strengthened its market position and expanded its product offerings. Also, the company implemented cost-saving measures and improved operational efficiencies, leading to higher margins.”
Mr. Holman concluded, “Looking ahead, HCWC remains optimistic about its prospects and is committed to continued investment in expanding its footprint and delivering long-term value to its shareholders.”
About Healthy Choice Wellness Corp.
Healthy Choice Wellness Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
Through its wholly owned subsidiaries, the Company operates:
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- Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, the Company operates a Healthy Choice Wellness Center in Kingston, NY and has a licensing agreement for a Healthy Choice Wellness Center located at the Casbah Spa and Salon in Fort Lauderdale, FL.
- Through its wholly owned subsidiary, Healthy U Wholesale, the Company sells vitamins and supplements, as well as health, beauty and personal care products on its website www.TheVitaminStore.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission (SEC) or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management’s estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income, or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from, and winding down of operations. In addition, when used in this release, the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” and “plans” and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the SEC.
Contact Information
Healthy Choice Wellness Corp.
3800 North 28th Way, Hollywood, FL 33020
305-600-5004
Email: ir@hcwc1.com
FAQ
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