GRNED Reports Revenues of $1,656,255: A 13.4% Improvement Over the Comparable Six Months in 2015
SALT LAKE CITY, UT -- (Marketwired) -- 08/09/16 -- Green Endeavors, Inc. (OTC PINK: GRNED), a majority owned subsidiary of Sack Lunch Productions, Inc. (OTC PINK: SAKL), has filed its Form 10Q for the period ended June 30, 2016, reporting substantial improvements to revenues, operating income and net income.
Revenues for the three and six months ended June 30, 2016 were $864,747 and $1,656,255, respectively, compared to $758,392 and $1,460,148 for the same periods in 2015; a 14% and 13.4% improvement. Net losses for the three and six months ended June 30, 2016 were $15,078 and $122,817, respectively, compared to $354,725 and $632,524 for the same periods in 2015; a 96% and 81% improvement.
Richard D. Surber, CEO of GRNE, commented, "We saw improvements at nearly all levels of our operations. Each location saw improvements in net income and/or growth in top line revenues over the comparable periods in 2015. Our goal for the remainder of 2016 is to continue hiring stylists to further improve our top line growth. We will continue to improve our controls on inventory management while increasing our training budget to drive retail sales and improve margins. Lastly, we will continue our search for additional locations as part of our expansion plans."
