Maison Solutions Q2 EPS $0.01 Down From $0.03 YoY; Revenue $13.8M Down From $14.2M YoY
Portfolio Pulse from Benzinga Newsdesk
Maison Solutions reported a decrease in Q2 EPS to $0.01 from $0.03 YoY and a slight revenue drop to $13.8M from $14.2M YoY. The decline was attributed to competition from new Asian supermarkets and a shift in customer shopping patterns post-pandemic. Despite lower sales, gross profit margin improved, and the company has increased its cash position to $8.6M after an IPO in October 2023.
December 18, 2023 | 1:06 pm
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Maison Solutions' Q2 earnings report shows a decline in EPS and revenue, but an improved gross margin and stronger cash position following a recent IPO.
The reported decrease in EPS and revenue is typically seen as negative by investors, which could lead to a short-term decline in stock price. However, the improved gross margin and increased cash reserves post-IPO may mitigate some negative sentiment.
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