![]() The following discussion and analysis contain a non-GAAP financial measure. ![]() The following table sets forth our Condensed Consolidated Statements of Operations for the three and nine-months ended September 30, 2022, and 2021: We believe we are well positioned for the future to enhance shareholder value." ![]() We remain disciplined in our cost management, and our team has stayed focused on achieving profitability for the business. Holman concluded, “We continue investing strategically in our natural foods grocery business, as evidenced by our latest acquisition of Green’s Natural Foods which was completed this month. Given a very challenging economic environment coupled with the impact hurricane Ian had on our operations, this is a testament to our team’s ability to continue delivering results.” Jeffrey Holman, Chief Executive Officer of HCMC, said, “We had our second consecutive record-breaking quarter and are once again extremely pleased with our sales and margin performance for the business. Gross margin from operations increased by approximately $1.8 million for the nine-month period ended September 30, 2022, amounting to a record $6.2 million, compared to $4.3 million for the same period in 2021, a 42.5% year-over-year increase. Net sales from operations for the nine-month period ended September 30, 2022, amounted to a record $17 million, compared to $10 million, an approximately $7 million increase and a record 67.5% increase versus the same period in 2021. Nine Months 2022 Results and Recent Highlights The balance of the prior year variance is primarily attributable to the closure of the retail stores in the vapor segment. It should be noted that over $0.9 million in non-recurring expenses were incurred during the three-month period ended September 30, 2022. Loss from operations for the three-month period ended September 30, 2022, amounted to approximately $2.1 million versus a $1.0 million loss for the same period last year. Gross margin from operations increased by approximately $0.5 million for the three-month period ended September 30, 2022, amounting to $1.9 million, compared to $1.4 million for the same period in 2021, a 35.7% year-over-year increase. Net sales from operations for the three-month period ended September 30, 2022, amounted to $5.8 million, compared to $3.3 million, an approximately $2.5 million and 76.7% increase versus the same period in 2021. Third Quarter 2022 Results and Recent Highlights: (OTC Pink: HCMC) today announced its financial results for the third quarter ended September 30, 2022. HOLLYWOOD, FL, Oct 24, 2022 - Healthier Choices Management Corp. Record Sales of $5.8 million for the Third Quarter 77% Year-Over-Year Growth Record Gross Margin of $1.9 million for the Quarter 36% Year-Over-Year Growth
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