On September 23, 2024, Maison Solutions Inc., a Delaware-incorporated specialty grocery retailer, announced its financial results for the first quarter ended July 31, 2024. The company, which trades under the symbol MSS on the Nasdaq Stock Market, reported a significant increase in net revenues and gross margins, attributing the growth to the recent acquisition of Lee Lee Oriental Supermart, Inc. in April 2024. Total net revenues soared by 115.6% to $29.6 million, with net revenues from perishable and nonperishable goods also seeing substantial increases. Gross profit for the quarter stood at $8.3 million with a gross margin of 27.9%, up from 22.6% in the same quarter of the previous year. Net income for the quarter was approximately $700,000, a notable improvement from a net loss of $105,000 in the prior year...Show More

On September 23, 2024, Maison Solutions Inc., a Delaware-incorporated specialty grocery retailer, announced its financial results for the first quarter ended July 31, 2024. The company, which trades under the symbol MSS on the Nasdaq Stock Market, reported a significant increase in net revenues and gross margins, attributing the growth to the recent acquisition of Lee Lee Oriental Supermart, Inc. in April 2024. Total net revenues soared by 115.6% to $29.6 million, with net revenues from perishable and nonperishable goods also seeing substantial increases. Gross profit for the quarter stood at $8.3 million with a gross margin of 27.9%, up from 22.6% in the same quarter of the previous year. Net income for the quarter was approximately $700,000, a notable improvement from a net loss of $105,000 in the prior year. The company's President, Chairman, and CEO, John Xu, expressed confidence in achieving the set guidance targets for fiscal year 2025, which includes revenues between $120 million and $125 million, and a positive net income. Maison Solutions, which operates under the HK Good Fortune and Lee Lee International Supermarket brands, serves the Asian-American communities with traditional Asian food and merchandise.