Overview
Tokyo Lifestyle's fiscal H1 revenue rose 94.3% yr/yr
Company reported net loss due to tax and foreign exchange impacts
Gross profit increased, but gross margin declined due to promotional activities
Outlook
Company emphasizes preparations for future expansion and investments in site evaluation
Company adopts flexible collaboration models to strengthen multi-channel sales network
Result Drivers
FRANCHISE AND WHOLESALE GROWTH - Revenue from franchise stores and wholesale customers increased by 102.5%, driven by expanded product offerings and new wholesale customers
PHYSICAL STORE EXPANSION - Revenue from directly-operated physical stores rose by 47.1% due to increased customer visits and new store openings in Hong Kong, the U.S., and Canada
PROMOTIONAL ACTIVITIES - Targeted promotions and pricing strategies boosted sales, particularly in beauty products, despite impacting gross margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue | $190.40 mln | ||
H1 Net Income | -$900,000 | ||
H1 Gross Profit | $15.80 mln | ||
H1 Operating Expenses | $12.10 mln |
Press Release: ID:nPn2DCkHga
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)