Significant Revenue Growth
Total revenue increased by 32.1% from $74.2 million to $98 million for the six months ended September 30, 2024.
Franchise and Wholesale Business Expansion
Revenue from franchised stores and wholesale customers grew by 53.8%, accounting for 88.7% of total revenue. The number of wholesale customers and franchises increased from 171 to 201.
Income from Operations Surge
Income from operations increased significantly by 867.8% to $3.2 million.
Gold Stevie Award Recognition
Received a Gold Stevie Award in the Company of the Year Retail Medium Size category at the 21st Annual International Business Award in September 2024.
Gross Profit Increase
Gross profit increased by 28.4% from $9.5 million to $12.1 million.
Operational Efficiency
Operating expenses down by 2.2% to $8.9 million, reflecting cost control measures.