Maison Solutions reported a 4.8% increase in total revenue to $58 million for fiscal year 2024, driven by $4.6 million contribution from newly acquired Lee Lee stores and $4.4 million growth from Monterey Park location. However, the company posted a net loss of $3.3 million compared to $1.3 million profit last year, primarily due to increased operating expenses and acquisition-related costs.The company completed several strategic initiatives, including the acquisition of Lee Lee's three-store chain in Arizona and launch of a store renovation program. The Lee Lee acquisition is expected to more than double current top-line figures while maintaining profitability. Management remains focused on organic growth through renovation and digital transformation of existing stores.Looking ahead, Maison Solutions reaffirmed its fiscal 2025 guidance, projecting revenues between $120-125 million and positive net income. The company plans to complete renovation of its El Monte store by end of 2024 while exploring synergistic opportunities between California and Arizona operations.

Maison Solutions reported a 4.8% increase in total revenue to $58 million for fiscal year 2024, driven by $4.6 million contribution from newly acquired Lee Lee stores and $4.4 million growth from Monterey Park location. However, the company posted a net loss of $3.3 million compared to $1.3 million profit last year, primarily due to increased operating expenses and acquisition-related costs.The company completed several strategic initiatives, including the acquisition of Lee Lee's three-store chain in Arizona and launch of a store renovation program. The Lee Lee acquisition is expected to more than double current top-line figures while maintaining profitability. Management remains focused on organic growth through renovation and digital transformation of existing stores.Looking ahead, Maison Solutions reaffirmed its fiscal 2025 guidance, projecting revenues between $120-125 million and positive net income. The company plans to complete renovation of its El Monte store by end of 2024 while exploring synergistic opportunities between California and Arizona operations.