What's Going On With Maison Solutions Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Maison Solutions Inc. (NASDAQ:MSS) shares surged after reporting strong Q1 financial results, with sales increasing significantly due to the acquisition of Lee Lee Oriental Supermart. The company reiterated its revenue guidance for fiscal year 2025 and expects to be net income positive.
September 24, 2024 | 4:38 pm
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Maison Solutions Inc. reported a significant increase in Q1 sales, largely due to the acquisition of Lee Lee Oriental Supermart. The company reiterated its revenue guidance for FY 2025 and expects to be net income positive, leading to a 90.2% increase in stock price.
The acquisition of Lee Lee Oriental Supermart significantly boosted Maison Solutions' Q1 sales, leading to a positive market reaction. The company's strong revenue guidance and expectation of being net income positive further support the stock's upward movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100