Maison Solutions Inc. - MSS STOCK NEWS

Maison Solutions (NASDAQ: MSS), a specialty grocery retailer focusing on Asian and international food and merchandise, has announced its participation in the 37th Annual ROTH Conference. The event will take place from March 16-18, 2025, at the Laguna Cliffs Marriott in Dana Point, California.

Chris Zhang, VP of Corporate Development and Strategy, will represent the company by conducting one-on-one meetings with institutional investors. The conference will showcase approximately 450 participating companies across various growth sectors, including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, and Technology, Media and Entertainment. The format includes one-on-one meetings, small group sessions, analyst-selected fireside chats, and industry keynotes and panels.

Maison Solutions (NASDAQ:MSS) has signed a three-year consultancy agreement with four Good Fortune Supermarkets across Massachusetts, New York, Rhode Island, and Virginia, effective January 29, 2025. The company will receive $25,000 weekly ($1.3 million annually) for providing comprehensive consulting services.

The agreement encompasses multiple service areas including: customized marketing strategies and digital initiatives; supply chain and distribution optimization; technology support for POS and inventory systems; store setup and expansion planning; and staff training programs.

According to CEO John Xu, this agreement represents a significant milestone post-public listing, aligning with the company's vision to become a solutions provider beyond traditional grocery retail. The revenue will support future expansion plans, including renovations of existing HK Good Fortune stores and potential acquisitions.

Maison Solutions (NASDAQ:MSS) reported Q2 FY2025 financial results, showing significant growth primarily driven by the Lee Lee acquisition. Total net revenues increased 125.3% to $31.0 million compared to $13.8 million in the same period last year. The company completed the El Monte store renovation, marking a key milestone in their California store portfolio enhancement initiative.

Q2 gross profit reached $8.2 million with a 26.3% margin, up from $3.1 million and 22.7% margin year-over-year. However, the company reported a net loss of $256,000 compared to a net income of $91,500 in the previous year. For the first six months of FY2025, total revenues grew 120.5% to $60.7 million, with a net income of $445,000. The company reiterated its FY2025 guidance of revenues between $120-125 million with positive net income.

Maison Solutions (NASDAQ:MSS) has completed the renovation of its El Monte store, marking the first in a planned series of renovations across multiple HK Good Fortune locations. The renovated store will operate as a warehouse store, offering bulk purchase discounts and a modernized shopping experience. Key improvements include updated SKUs with in-demand products at competitive prices and a new visual identity system. Following the renovation, the store has experienced significant sales improvement, setting a positive precedent for future location upgrades.

Maison Solutions Inc. (NASDAQ:MSS) reported strong financial results for Q1 2025, marking the first full quarter with Lee Lee included. Total net revenues increased 115.6% to $29.6 million, primarily driven by Lee Lee's $18.2 million contribution. Gross profit rose to $8.3 million with a 27.9% margin, up from 22.6% last year. The company achieved net income of $700,000, compared to a $105,000 loss in the same period last year. Maison Solutions is optimizing Lee Lee's operations by streamlining its supply chain and leveraging synergies between stores. The company reiterated its fiscal year 2025 guidance, projecting revenues between $120-125 million and positive net income.

Maison Solutions Inc. releases a post-acquisition webinar detailing its recent expansion into Arizona. The company, listed on NASDAQ under the ticker symbol MSS, is a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise. The pre-recorded webinar provides insights into the three recently acquired Arizona-based Lee Lee International Supermarket chain markets, with replay available on the investor relations section of the company's website.

Maison Solutions Inc. is set to share more details about its expansion into Arizona through the acquisition of three Lee Lee International Supermarket stores. The company will host a pre-recorded webinar on April 19, 2024, to provide additional information on the newly acquired markets.

Maison Solutions Inc. acquires Lee Lee Oriental Supermart, Inc., expanding its geographic footprint to the greater Phoenix and Tucson metro areas. The $22.2 million acquisition more than doubles Maison's size, adding approximately $70 million in annual revenue. The strategic move aims to capitalize on the large and growing Asian and ethnic populations in the region.

Maison Solutions Inc. announces financial results for the third quarter and first nine months of fiscal 2024, highlighting operational progress, revenue decline, and net loss. The company's total revenues decreased to $13.6 million in Q3, with a gross profit of $3.2 million and an operating loss of $307,000. For the first nine months of fiscal 2024, total revenues remained stable at $41.1 million, with a gross profit of $9.4 million and an operating loss of $270,000. Maison Solutions reported a net loss of $549,000 for Q3 and $562,000 for the nine-month period, attributing the decline to reduced gross profit and higher expenses.