Welcome to our dedicated page for Maison Solutions news (Ticker: $MSS), a resource for investors and traders seeking the latest updates and insights on Maison Solutions stock.
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Maison Solutions Inc. releases a post-acquisition webinar detailing its recent expansion into Arizona. The company, listed on NASDAQ under the ticker symbol MSS, is a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise. The pre-recorded webinar provides insights into the three recently acquired Arizona-based Lee Lee International Supermarket chain markets, with replay available on the investor relations section of the company's website.
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-0.82%
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Maison Solutions Inc. is set to share more details about its expansion into Arizona through the acquisition of three Lee Lee International Supermarket stores. The company will host a pre-recorded webinar on April 19, 2024, to provide additional information on the newly acquired markets.
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-4.88%
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Maison Solutions Inc. acquires Lee Lee Oriental Supermart, Inc., expanding its geographic footprint to the greater Phoenix and Tucson metro areas. The $22.2 million acquisition more than doubles Maison's size, adding approximately $70 million in annual revenue. The strategic move aims to capitalize on the large and growing Asian and ethnic populations in the region.
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Maison Solutions Inc. announces financial results for the third quarter and first nine months of fiscal 2024, highlighting operational progress, revenue decline, and net loss. The company's total revenues decreased to $13.6 million in Q3, with a gross profit of $3.2 million and an operating loss of $307,000. For the first nine months of fiscal 2024, total revenues remained stable at $41.1 million, with a gross profit of $9.4 million and an operating loss of $270,000. Maison Solutions reported a net loss of $549,000 for Q3 and $562,000 for the nine-month period, attributing the decline to reduced gross profit and higher expenses.
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-2.44%
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Maison Solutions Inc. (NASDAQ:MSS) is renovating its HK Good Fortune supermarket in El Monte, California, with upgrades expected to be completed in March. The renovations aim to enhance the customer shopping experience and optimize operations using robust technology. The company will also use updated logos and banners for enhanced brand awareness and consistency. Maison Solutions plans to leverage its recently purchased software suite to optimize store design, layout, shelf display, and monitor product popularity and pricing. The renovations mark the beginning of a series of planned store upgrades to provide a more meaningful shopping experience for customers. The El Monte supermarket will also serve as a warehouse-like store with discounts for large and bulk purchases. The company aims to enhance operating efficiency, reduce costs, and potentially create a revenue stream for software implementation at other grocery and convenience stores.
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-6.6%
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Maison Solutions Inc. announces that Chris Zhang, VP of Corporate Development & Strategy, will present at the virtual Emerging Growth Conference on February 8, 2024. The presentation will focus on the company's growth strategy, its large and growing market, vertically integrated supply chain, plans for future growth, and technology investments.
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-1.35%
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Maison Solutions Inc. (Nasdaq:MSS) responds to a short attack on December 15, 2023, by Hindenburg Research, known for negative reports. The Company refutes inaccurate and misleading statements, aiming to protect stakeholders and build the business.
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-4.4%
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Maison Solutions Inc. (Nasdaq:MSS) reported financial results for the second quarter and first six months of fiscal 2024, highlighting an IPO and private placement for future growth. Total revenues for the second quarter were $13.8 million, with a decrease in perishable goods sales and an increase in gross profit. The Company's cash and equivalents increased to $8.6 million at October 31, 2023, from $2.6 million at April 30, 2023. For the first six months of fiscal 2024, total revenues rose 7.6% to $27.5 million, with an increase in gross profit and a reduction in net loss.
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-4.4%
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Maison Solutions Inc. (Maison Solutions) (NASDAQ:MSS) announced the closing of a private placement, selling 1,190,476 shares of its Class A common stock at $4.20 per share, resulting in gross proceeds of approximately $5 million. The net proceeds will be used for working capital, general corporate purposes, and payment of fees and expenses for the private placement.
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Maison Solutions Inc.
Nasdaq:MSS
MSS Rankings
MSS Stock Data
23.23M
2.95M
83.05%
2.67%
0.99%
Supermarkets and Other Grocery (except Convenience) Stores
Retail Trade
United States of America
MONTEREY PARK