Business

Healthier Choices Management Corp (OTCMKTS:HCMC) Posts Q4 2017 Financial Report

Healthier Choices Management Corp (OTCMKTS:HCMC) posted financial report for the fourth quarter closed December 31, 2017. For FY2017, net sales from continued operations amounted to $13 million, versus $10.6 million during the comparable period last year. Same store sales in Q4 2017 surged by 1.5% year-over-year.

The buzz

Gross profit from continued operations surged by more than $1 million for the fiscal year, leading in a year-end sum of $6.3 million, versus $5.2 million for the comparable period last year. Healthier Choices reported that operating expenses as a fraction of sales dropped 14% in Q4 2017 versus prior year. For the year closed December 31, 2017, operating expenses as a fraction of sales dropped 6%, exhibiting continued decline of corporate administrative expenses.

Jeffrey Holman, the Chief Executive Officer and Chairman of Healthier Choices, expressed that they are thrilled with their performance in Q4 2017 and especially proud of their exceptional improvement in their adjusted EBITDA performance for the year. The team has remained to follow on the strategic vision for their firm. Holman went on to add that their team focus remains on the commitment to enhance the fundamentals of the operations.

Adjusted EBITDA for Q4 2017 improved around $2.5 million versus the comparable period in the previous year and improved $6 million for the full year closed December 31, 2017. Healthier Choices marks as a holding firm whose focus remains on providing consumers with better and healthier daily choices with detail to nutrition and other lifestyle choices.

One segment of Healthier Choices business is their natural and organic grocery businesses in Ft. Myers, Florida. The other division is a U.S. based retailer of e-liquids and vaporizers. Healthier Choices Management offers direct to consumer via firm-owned brick-and-mortar retail sites operating under “The Vape Store” and “Ada’s Natural Market” brands.