Kenergy Scientific, Inc. Announces First Quarter Earnings Highlights
10 July 2017 - 1:40PM
InvestorsHub NewsWire
MIAMI, FL-(NewMediaWire - Jul 10, 2017) - Kenergy
Scientific, Inc. (OTC PINK: KNSC), a growing chain of Hibachi
Noodle Bars offering Fast, Fresh, Authentic Pan Asian
Food. Hibachi Grill & Noodle Bar, today released
highlights from their 2017 first quarter results:
Key metrics for the first quarter, versus the same period a year
ago, were:
- Total revenue increased from $252,169 to $562,218
Company-owned restaurant sales increased by 45% to
$562,218
Net earnings increased 27% over the same period for 2016
Adjusted net earnings increased 27% for the first quarter
2017.
Adel Nassar, President and Chief Executive Officer, commented,
"In the first quarter, we are pleased that sales growth on a store
to store basis, was positive for both company-owned locations, and
outperforming any projections in casual dining segment. We
believe our dishes, which are carefully prepared with only the
highest quality ingredients, coupled with our focus on customer
service and satisfaction, which are our top priority, has led to
the improved margins and profitability."
Erwin Vahlsing Jr., CFO stated, "We're forging the strong
execution of our fundamental business drivers, a constant focus on
our customers, the benefits of our organization and, suppliers and
employees to seize the opportunities before us. We're demanding
from ourselves to identify and pursue initiatives that can bring
the best benefit to our customers. I'm confident that we're on the
right path and well-positioned to unlock growth and deliver against
our velocity growth plan for 2017 and beyond."
The company expects the following in 2017:
- Same-store sales growth month-over-month
Implementing our Fast Track Delivery systems resulting in a
sales increase of between 8% and 10%
Signed executed lease for third Location. Achieving additional
45% increase in new sales
Expansion of our Flagler Location, adding additional sales of
15% to 20%.
About the Company:
The Company operates a growing chain of Hibachi Noodle Bars
offering Fast, Fresh, Authentic Pan Asian Food. Hibachi Grill &
Noodle Bar was established in 2010, in Miami, FL. Our dishes are
carefully prepared with only the highest quality ingredients.
Customer service and satisfaction is our top priority so please
visit our restaurant and enjoy the vibrant atmosphere. We strive to
offer the best quality food and taste to our clients without the
high price attached to it. We serve fast, fresh, authentic Japanese
Food. From soups and salads, hibachi chicken, steak and seafood, to
fried rice, noodle bowls and Yakisoba as well as Thai dishes. All
healthy, fast and convenient.
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CONTACT INFORMATION
Contact Information:
Phone: 800-277-0321
Email: infoknsc@otcpubco.com