Maison Solutions reports Q2 EPS 1c vs. 3c last year

Reports Q2 revenue $13.8M vs. $14.2M last year. “Maison Solutions reached an important milestone in the Company’s history with the completion of our IPO in October, and a subsequent private placement in November, better positioning Maison Solutions for future growth,” said John Xu, President and Chief Executive Officer. “We plan to achieve this growth through a combination of organic expansion and strategic acquisitions, while working toward further improving efficiency throughout our organization. We recently purchased a robust visualization display management software suite to help our stores reach their full potential by optimizing store design and set-up, including enhanced store layout and display, AI-driven decision making, task and process management, standardization across stores, remote inspection and management, training and staff efficiency, and inventory and SKU management,” said Xu. “As a result, we expect to reduce the cost of operating and opening new stores under our HK Good Fortune brand, and, over the longer term, using the knowledge we gain from implementing the software to open new revenue streams by collaborating with other grocery and convenience stores to help them implement their own digital platforms using the software.”