Japan's Tokyo Lifestyle H1 revenue surges on franchise and wholesale growth

Reuters05:21
Japan's <a href="https://laohu8.com/S/TKLF">Tokyo Lifestyle</a> H1 revenue surges on franchise and wholesale growth

Overview

  • Tokyo Lifestyle's fiscal H1 revenue rose 94.3% yr/yr

  • Company reported net loss due to tax and foreign exchange impacts

  • Gross profit increased, but gross margin declined due to promotional activities

Outlook

  • Company emphasizes preparations for future expansion and investments in site evaluation

  • Company adopts flexible collaboration models to strengthen multi-channel sales network

Result Drivers

  • FRANCHISE AND WHOLESALE GROWTH - Revenue from franchise stores and wholesale customers increased by 102.5%, driven by expanded product offerings and new wholesale customers

  • PHYSICAL STORE EXPANSION - Revenue from directly-operated physical stores rose by 47.1% due to increased customer visits and new store openings in Hong Kong, the U.S., and Canada

  • PROMOTIONAL ACTIVITIES - Targeted promotions and pricing strategies boosted sales, particularly in beauty products, despite impacting gross margin

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

$190.40 mln

H1 Net Income

-$900,000

H1 Gross Profit

$15.80 mln

H1 Operating Expenses

$12.10 mln

Press Release: ID:nPn2DCkHga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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