HOLLYWOOD, FL, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Healthy Choice Wellness Corp. ("HCWC" or the "Company") (NYSEAM: HCWC), a holding company operating 19 natural and organic grocery stores across six states, today announced significant growth in sales and gross margin in its fourth quarter and year ended December 31, 2024 results.
Key Fourth Quarter and Full-Year 2024 Sales and Gross Margin Highlights:
- Record Sales Growth: The Company achieved record sales of $19.6 million for the three months ended December 31, 2024, representing a 23.9% increase year-over-year. Full-year 2024 sales reached $69.3 million, a 24.5% increase compared to 2023.
- Strong Gross Margin Performance: The Company generated approximately $7.4 million in gross profit for the fourth quarter and $26.3 million for the full year 2024. This represents a gross margin increase of approximately $1.7 million for the fourth quarter and $6.0 million for the full year.
Jeffrey Holman, HCWC CEO and Chairman, commented, "Healthy Choice Wellness Corp.'s record 2024 sales and gross margin are a testament to our commitment to create value for our customers and shareholders. This strong performance validates our strategic approach and underscores our ability to drive profitable growth. We are confident that our continued investments in future acquisitions, coupled with strategic initiatives and operational efficiencies, leaves us well positioned to deliver compelling financial returns in 2025 and beyond."
About Healthy Choice Wellness Corp.
Healthy Choice Wellness Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
Through its wholly owned subsidiaries, the Company operates:
| | | - Ada's Natural Market, a natural and organic grocery store offering fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items ().
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| | | - Paradise Health & Nutrition's three stores that likewise offer fresh produce, bulk foods, vitamins, and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items ().
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| | | - Mother Earth's Storehouse, an organic and health food and vitamin store in New York's Hudson Valley, which has been in existence for over 40 years ().
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| | | - Greens Natural Foods' eight stores in New York and New Jersey, offering a selection of 100% organic produce and all-natural, non-GMO groceries and bulk foods; a wide selection of local products; an organic juice and smoothie bar; a fresh foods department, which offers fresh and healthy "grab & go" foods; a full selection of vitamins & supplements; as well as health and beauty products. ().
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| | | - Ellwood Thompson's, an organic and natural health food and vitamin store located in Richmond, Virginia ().
- GreenAcres Market, an organic and natural health food and vitamin chain with five store locations in Kansas and Oklahoma. GreenAcres Market is a chain of premier natural foods stores, offering organic and all natural products and vitamins from both top national brands as well as locally sourced specialty brand ().
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Through its wholly owned subsidiary, Healthy U Wholesale, the Company sells vitamins and supplements, as well as health, beauty and personal care products on its website .
Forward Looking Statements
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission (SEC) or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income, or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from, and winding down of our wholesale distribution operations. In addition, when used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the SEC.
Contact Information
Healthy Choice Wellness Corp.
3800 North 28th Way, Hollywood, FL 33020
305-600-5004
Email: ir@hcwc1.com
HOLLYWOOD, FL, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Healthy Choice Wellness Corp. ("HCWC" or the "Company") (NYSEAM: HCWC), a holding company operating 19 natural and organic grocery stores across six states, today announced significant growth in sales and gross margin in its fourth quarter and year ended December 31, 2024 results.
好萊塢，佛羅里達州，2025年1月6日（環球新聞通訊）——健康選擇健康公司（"HCWC"或"公司"）（NYSEAM: HCWC），是一家在六個州經營19家天然有機雜貨商店的控股公司，今天宣佈在截至2024年12月31日的第四季度和全年業績中，銷售和毛利率顯著增長。
Key Fourth Quarter and Full-Year 2024 Sales and Gross Margin Highlights:
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Record Sales Growth: The Company achieved record sales of $19.6 million for the three months ended December 31, 2024, representing a 23.9% increase year-over-year. Full-year 2024 sales reached $69.3 million, a 24.5% increase compared to 2023.
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Strong Gross Margin Performance: The Company generated approximately $7.4 million in gross profit for the fourth quarter and $26.3 million for the full year 2024. This represents a gross margin increase of approximately $1.7 million for the fourth quarter and $6.0 million for the full year.
- 創紀錄的銷售增長：公司在截至2024年12月31日的三個月內實現了1960萬美元的創紀錄銷售，較去年同期增長23.9%。2024年全年銷售額達到6930萬美元，比2023年增長24.5%。
- 強勁的毛利率表現：公司在第四季度實現了大約740萬美元的毛利潤，2024年全年達到2630萬美元。這代表着第四季度毛利率增加大約170萬美元，全年增加600萬美元。
Jeffrey Holman, HCWC CEO and Chairman, commented, "Healthy Choice Wellness Corp.'s record 2024 sales and gross margin are a testament to our commitment to create value for our customers and shareholders. This strong performance validates our strategic approach and underscores our ability to drive profitable growth. We are confident that our continued investments in future acquisitions, coupled with strategic initiatives and operational efficiencies, leaves us well positioned to deliver compelling financial returns in 2025 and beyond."
傑弗裏·霍爾曼，HCWC首席執行官兼董事長評論道："健康選擇健康公司的創紀錄2024年銷售和毛利率是我們致力於爲客戶和股東創造價值的證明。這一強勁表現驗證了我們的戰略方法，並強調了我們推動盈利增長的能力。我們相信，未來收購的持續投資，加上戰略舉措和運營效率，使我們在2025年及以後良好地定位以實現可觀的財務回報。"
About Healthy Choice Wellness Corp.
Healthy Choice Wellness Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
健康選擇健康公司是一家控股公司，專注於爲消費者提供更健康的日常營養和其他生活方式選擇。
Through its wholly owned subsidiaries, the Company operates:
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- Ada's Natural Market, a natural and organic grocery store offering fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items ().
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- Paradise Health & Nutrition's three stores that likewise offer fresh produce, bulk foods, vitamins, and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items ().
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- Mother Earth's Storehouse, an organic and health food and vitamin store in New York's Hudson Valley, which has been in existence for over 40 years ().
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- Greens Natural Foods' eight stores in New York and New Jersey, offering a selection of 100% organic produce and all-natural, non-GMO groceries and bulk foods; a wide selection of local products; an organic juice and smoothie bar; a fresh foods department, which offers fresh and healthy "grab & go" foods; a full selection of vitamins & supplements; as well as health and beauty products. ().
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- Ellwood Thompson's, an organic and natural health food and vitamin store located in Richmond, Virginia ().
- GreenAcres Market, an organic and natural health food and vitamin chain with five store locations in Kansas and Oklahoma. GreenAcres Market is a chain of premier natural foods stores, offering organic and all natural products and vitamins from both top national brands as well as locally sourced specialty brand ().
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- Ada's Natural Market是一家天然有機雜貨商店，提供新鮮農產品、大宗食品、維生素和補充劑、包裝雜貨、家畜肉類和海鮮、熟食、烘焙食品、乳製品、冷凍食品、個護用品和天然家居用品().
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- Paradise Health & Nutrition的三家商店同樣提供新鮮農產品、散裝食品、維生素和補充劑、包裝雜貨、家畜肉類和海鮮、熟食、烘焙食品、乳製品、冷凍食品、個護用品和天然家居用品。
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- 母親大地的儲藏室是一家位於紐約哈德遜河谷的有機健康食品和維生素商店，已有超過40年的歷史（).
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- 位於紐約和新澤西的Greens Natural Foods八家門店，提供100%有機農產品和全天然、非轉基因的雜貨和散裝食品；大量本地產品；有機果汁和冰沙吧；新鮮食品部門，提供新鮮又健康的"快速攜帶"食品；全面的維生素及補充劑選擇；以及個護用品。().
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- Ellwood Thompson's 是一家位於弗吉尼亞州里士滿的有機和天然健康食品及維生素商店（).
- GreenAcres Market 是一家在堪薩斯州和俄克拉荷馬州有五家連鎖店的有機和天然健康食品及維生素連鎖店。GreenAcres Market 是一家優質天然食品商店的連鎖，提供來自頂級國家品牌以及本地特色品牌的有機和天然產品及維生素（).
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Through its wholly owned subsidiary, Healthy U Wholesale, the Company sells vitamins and supplements, as well as health, beauty and personal care products on its website .
通過其全資子公司 Healthy U Wholesale， 公司在其網站上銷售維生素和補品，以及健康、 美容和個護用品 .
Forward Looking Statements
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission (SEC) or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income, or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from, and winding down of our wholesale distribution operations. In addition, when used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
本新聞稿包含根據1995年私人證券訴訟改革法案（1933年證券法第27A條和1934年證券交易法第21E條）定義的前瞻性聲明。公司可能不時在向證券交易委員會（SEC）的備案或其他文件中作出其他書面或口頭的前瞻性聲明。本新聞稿中不屬於歷史事實的陳述是根據1995年私人證券訴訟改革法案的安全港條款作出的前瞻性聲明，這些聲明基於管理層的估計、假設和預測，並不保證未來的表現。公司沒有任何義務更新這些聲明。前瞻性聲明可能包括但不限於對營業收入、收入或損失、退出成本、現金流需求和資本支出的預測或估計、有關未來運營、擴展或重組計劃的陳述，包括我們最近退出和終止我們的批發分銷業務。此外，在本聲明中使用的詞語「預期」、「相信」、「估計」、「期望」、「打算」和「計劃」及其變體和類似表述旨在識別前瞻性聲明。
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the SEC.
可能影響我們未來經營業績和財務狀況的因素包括但不限於：我們產品的需求波動、新產品的推出、我們維持客戶和戰略業務關係的能力、競爭產品和定價的影響、目標市場的增長、支持其增長的流動性和財務實力的充足程度，以及其他可能在我們向SEC備案時詳細列明的信息。
Healthy Choice Wellness Corp.
3800 North 28th Way, Hollywood, FL 33020
305-600-5004
Email: ir@hcwc1.com
健康選擇健康公司。
佛羅里達州好萊塢，北28號大道3800號，郵政編碼33020
305-600-5004
電子郵件：ir@hcwc1.com
