Maison Solutions reports Q1 gross profit $8.3M vs. $3.1M last year

Reports total net revenues for the first quarter increased 115.6% to $29.6M compared to $13.8M in the same period last fiscal year. The increase was primarily driven by the inclusion of revenues from the Company’s newly acquired subsidiary, Lee Lee Oriental Supermar totaling $18.2M..”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, President, Chairman and Chief Executive Officer 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. Our organization has taken several deliberate steps in improving Lee Lee’s operations by optimizing its supply chain and tapping into synergies between all stores. In particular, we have commenced streamlining Lee Lee’s supply chain into the HK Good Fortune fold by leveraging our central warehouse in California to supply products which minimize costs, augments economies of scale, and will improve our margins. Looking ahead, we are confident in our ability to hit our guidance targets, sustain profitability, and increase market share within California and Arizona.”