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Why Yoshitsu Stock Is Racing Higher
Yoshitsu Co., Ltd (NASDAQ:TKLF) shares are trading higher Tuesday after the company reported a year-over-year increase in its fiscal year financial results.
The Details:
Yoshitsu reported quarterly earnings of 20 cents per share, representing a 190.91% increase from the same period last year. The company reported $195.68 million in sales for the quarter which is a 15.29% increase over sales from the same period last year.
Yoshitsu said revenue from directly-operated physical stores increased by 28.8%, to $15 million for fiscal year 2024, up from $11.6 million in 2023. The increase was mainly due to its newly offered luxury products, which contributed a significant portion of increased directly-operated physical store sales.
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“I am thrilled to report that Yoshitsu has achieved outstanding success during fiscal year 2024. Our total revenue surged by 15.3%, and our income from operations increased by 601.3%, clear indicators of ...