Revenues from the U-Swirl Frozen Yogurt operations increased to $556,501 in the company's first quarter of 2010, up from $15,699 reported in the same quarter last year. Healthy Fast Food Inc. launched its new U-Swirl business in March 2009 with the opening of its first company-owned store. It's first 2010 quarter ended March 31.
As of March 31, 2010, there were six company-owned cafés in operation and two franchise cafes, located in the Nevada towns of Henderson and Reno.
Net loss improved 24 percent to $262,668, or $0.09 per basic and diluted share, down from $347,280, or $0.14 per basic and diluted share reported during the same period last year.
During the first quarter the company reached several operational milestones. Those include:
- In February 2010, www.U-SWIRL.com, the company's new website, was officially unveiled.
- U-SWIRL's Facebook fan page welcomed its 5,000 fan.
- On February 19, 2010, the company hosted the official grand opening of its sixth company-owned U-SWIRL self-serve frozen yogurt cafe, located in Las Vegas.
"Despite enduring a relatively brutal winter and late arriving spring in Nevada, we are pleased with U-Swirl's overall operating performance," said Healthy Fast Food CEO Hank Cartwright. "With the summer months fast approaching, we expect much greater sales momentum in the second and third quarters as the demand for our cool, refreshing frozen yogurt treats heats up.
"Moreover, as our new franchise partners succeed in opening new U-Swirl cafes in Reno, New Jersey and Arizona, as previously announced, franchise fees and royalties will begin to have more meaningful impact on our financial results in the quarters ahead."
