SAN DIEGO, CA--(Marketwired - Apr 6, 2016) - Fresh Healthy Vending International, Inc. (soon to be Generation NEXT Franchise Brands) announced today its 2016 Q3 results, highlighted by impressive sales and premiere location procurement. After showing consistent strength out of the gate in both January and February, Fresh Healthy Vending closed out the quarter with an impressive 277 vending units sold, representing $2,788,000 in deferred revenue. Fiscal Q4, 2015 saw 279 machines sold for $2.8 million in deferred revenue. In addition to impressive bookings, the company further expanded both its reach and operator network alike, adding 257 secured locations across the country and over 22 new franchisees to the FHV family, continuing a successful trend for the company.
"As a June 30 reporting entity, Fiscal Q3 was a success for the company, booking near record franchise sales numbers. We continue to consistently secure a diverse range of new healthy vending machine and micro market locations for our franchisees, attracting high profile customers such as the NBA's OKC Thunder and the Lincoln Center in New York City as examples," said Nick Yates, chairman of Fresh Healthy Vending. "One area the company will be focusing on in the next quarter is finding ways to increase the number of units we install, which will result in increased revenues. Our shareholders deserve to see revenue being recognized versus sitting in a deferred basket on our books. To achieve this, the company will continue its capital raising efforts, among other programs in place, to facilitate this need. Overall, I am pleased with the company's performance over the last three months and look forward to finishing the fiscal year on a positive note."
That performance and expansion will be coming not only in the form of sales and franchises, but also in the form of a company wide commitment to gaining national visibility for its franchisees, its brand, and more importantly, its message.
"We have taken a close look at expanding our marketing and brand awareness initiatives to support our franchisees on a national level," said Paul Schmidt, chief marketing officer for Fresh Healthy Vending. "Just last month, we joined forces with national wellness advocate groups in support of a family wellness initiative featured in USA Today, which is just one example of our focus on providing national visibility and support to our franchise network and our brand."
