Maison Solutions Inc. (NASDAQ:MSS), a specialty grocery retailer offering traditional Asian and international food, shares are trading higher Tuesday after the company reported its first-quarter financial results after Monday's closing bell. Here's a look at the details from the report.
The Details:
Maison Solutions reported $29.6 million in sales for the quarter, up from $13.8 million in the prior year's quarter. Maison said its newly acquired subsidiary, Lee Lee Oriental Supermart, Inc. substantially contributed to the revenue increase, totaling $18.2 million.
The company also reiterated its revenue guidance for fiscal year 2025 of between $120 million and $125 million and expects to be net income positive for the fiscal year.
"We are pleased with our financial results for Q1 2025, as it marked the first full quarter with Lee Lee included under the Maison Solutions umbrella," said John Xu, CEO of Maison Solutions. "We are encouraged by the immediate financial impact Lee Lee has had across all metrics, importantly, gross margins, which improved from 22.6% in the same quarter last year to 27.9%, getting us closer to the coveted 30% goal for our industry."
According to data from Benzinga Pro, Maison Solutions shares are trading on heavy volume with more than 77 million shares already traded in Tuesday's session.
MSS Price Action: According to Benzinga Pro, Mission Solutions shares are up 90.2% at $1.35 at the time of publication Tuesday.
