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Chanson International Holding (Nasdaq: CHSN) announced its fiscal year 2023 financial results, reporting a 30.0% increase in total revenue to $17.3 million, a 33.5% rise in gross profit to $8.1 million, and a net income of $0.03 million. The company plans to focus on product portfolio development, brand awareness, and customer base expansion in 2024. Despite revenue growth in China Stores, revenue declined in United States Stores due to increased competition. Basic and diluted earnings per share improved to $0.003 from a loss of $0.14 in fiscal year 2022.
