Why Yoshitsu Stock Is Racing Higher
Portfolio Pulse from Erica Kollmann
Yoshitsu Co., Ltd (NASDAQ:TKLF) shares surged after the company reported a significant year-over-year increase in its fiscal year financial results. The company saw a 190.91% increase in quarterly earnings per share and a 15.29% increase in sales. Revenue from directly-operated physical stores rose by 28.8%, driven by newly offered luxury products.
July 16, 2024 | 6:45 pm
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Yoshitsu Co., Ltd (NASDAQ:TKLF) reported a 190.91% increase in quarterly earnings per share and a 15.29% rise in sales, leading to a significant surge in its stock price. Revenue from directly-operated physical stores increased by 28.8%, driven by luxury products.
The significant increase in earnings per share and sales, along with the strong performance of directly-operated physical stores, has led to a substantial rise in Yoshitsu's stock price. The heavy trading volume further indicates strong investor interest.
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