Chanson International Holding Announces First Half Of Fiscal Year 2023 Financial Results; 1H EPS $0.03 Up From $0.02 YoY; Revenue $8.8M Up From $8.5M YoY
Portfolio Pulse from Benzinga Newsdesk
Chanson International Holding has announced its financial results for the first half of fiscal year 2023. The company reported a total revenue of $8.8 million, up 3.1% from the same period last year. Gross profit was $4.3 million, up 4.5% from last year. Net income was $0.3 million, up from $0.2 million last year. The company's earnings per share increased to $0.03 from $0.02. The increase in revenue was attributed to increased revenue from stores in China, partially offset by slightly decreased revenue from the United States stores.
October 06, 2023 | 12:09 pm
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Chanson International Holding reported increased revenue, gross profit, net income, and earnings per share for the first half of fiscal year 2023. The company's performance was driven by increased revenue from stores in China.
Chanson International Holding's increased earnings indicate a positive financial performance, which could potentially attract investors and drive up the company's stock price in the short term.
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