Liquid Nutrition Same Store Sales Up 38% Year Over Year
MONTREAL, QUEBEC - (Marketwired - June 11, 2014) - Liquid Nutrition Group Inc. (TSX VENTURE:LQD) is pleased to present its analysis for same store sales for the stores in its franchise system which have been opened for more than 12 months.
For 2013, the same store sales for stores opened more than 12 months was up 38%. For 2012, these same stores were up 22% over 2011. The average gross sales per selling square foot for 2013 was $709 per square foot, up 16% from $612 per square foot in 2012. For 2014, this group of stores is forecasting a minimum sales increase of 10% over 2013.
"We are very excited by the sales trend exhibited by the stores in our franchise system which have been opened for more than 12 months. We believe that by continuing to provide excellent quality products and superior service combined with our annual calendar of in-store promotions that our franchisees are able to build and maintain a loyal client base of regular customers, many of which frequent our stores on a daily basis," said Chantal Chamandy, President and CEO.
"Our customers know that they can rely on Liquid Nutrition and trust us to provide them with the healthiest functional beverages and juices possible. By listening to our customer feedback we have been able to satisfy their demand for plant based, organic, and all natural products."
"Going forward, we believe that we will be able to continue to drive sales at Liquid Nutrition as we introduce into our stores our new proprietary products such as our Liquid Nutrition branded Plant Based Protein, Plant Based Daily Essentials, Organic Carageenan Free Almond Milk, and Organic Cold Pressed Juices. In addition to helping our stores to increase their sales, these new proprietary products will also help to increase the profit margins for our franchisees."
About Liquid Nutrition
Liquid Nutrition Group Inc. (TSX VENTURE:LQD) is a growing, hybrid retailer of functional beverages, fresh pressed juices, vitamins and supplements. Liquid Nutrition is committed to building a global brand in the health and wellness industry by bringing its healthy and delicious product offering to communities around the world. Through its wholly owned subsidiary, Liquid Nutrition Franchising Corporation, LNGI currently has signed franchise agreements for 14 stores in Canada and the USA, as well as license agreements in the Bahamas and the Middle East. For store locations, business opportunities or more information, visit www.liquidnutrition.com.
Liquid Nutrition Group Inc.