MSS

MONTEREY PARK, CA / ACCESS Newswire / March 17, 2026 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison" or the "Company"), a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers, today announced financial results for its fiscal third quarter ended January 31, 2026. For the quarter, the Company incurred a net loss of $5.2 million. This result was primarily driven by $3.9 million in non-cash or non-recurring items, including fair value adjustments on derivative liabilities and unrealized losses on digital assets, which the Company believes do not reflect the strengthening of its core retail operations. Third Quarter 2026 Highlights Significant Margin Expansion: Gross margin increased to 25.5%, compared to 21.8% in the prior-year quarter, driven by a more efficient store portfolio and improved merchandise margin performance. Gross Profit Growth: Gross profit increased to $7.5 million, compared to $7.0 million in the prior-year quarter, despite a targeted reduction in store count. Selling expenses were $4.4 million, compared to $4.4 million in the prior-year quarter, demonstrating continued discipline in selling and marketing spend. Strengthened Balance Sheet: Cash and cash equivalents increased to $1.5 million as of January 31, 2026, compared to $0.8 million as of April 30, 2025. Successful Debt Elimination: The Company fully repaid the Lee Lee acquisition note on September 8, 2025, further strengthening its financial position and simplifying its capital structure. Core Operational Resilience: Excluding non-cash and non-recurring financial items, core supermarket operations demonstrated a stabilized and improving profit profile following the strategic closure of underperforming units. Management Commentary "Our third quarter results demonstrate the successful execution of our 'Quality over Quantity' strategy," said John Xu, Chief Executive Officer of Maison Solutions. "By proactively closing underperforming locations like El Monte, we have successfully optimized our store portfolio. This discipline is reflected in our 370-basis-point gross margin improvement, proving that a leaner, more efficient footprint is the path to long-term profitability." John Xu continued, "At the same time, we are actively advancing our broader operational transformation initiatives. We believe artificial intelligence and data-driven systems can play an important role in improving supply chain coordination, merchandising, inventory visibility, and overall operating efficiency across our platform. While we remain in the early stages of this effort, we see meaningful long-term opportunity to modernize our operations and support more scalable growth." Fiscal Third Quarter 2026 Results Analysis Revenue: Net revenue was $29.5 million, compared to $32.3 million in the prior-year quarter. This change was primarily driven by the strategic decision to close underperforming stores to preserve overall profitability. Gross Profit: Gross profit rose to $7.5 million, representing a year-over-year increase of 7.0%. The increase was driven by a more efficient store base and enhanced supply chain efficiencies. Operating Expenses: Selling expenses remained disciplined at $4.4 million, essentially flat compared to the prior year. General and administrative expenses included $0.8 million in non-cash stock compensation and a $1.9 million one-time bad debt provision. Net Loss Reconciliation: Net loss attributable to the Company was $5.2 million. This figure was heavily impacted by approximately $3.9 million in non-cash or non-recurring items, including: Liquidity: The Company maintained a healthy cash position of $1.5 million. The successful repayment of the $5.6 million Lee Lee note further solidifies Maison's financial standing. Strategic Outlook Maison Solutions remains committed to a modern, technology-first approach to specialty retail. Our focus for 2026 includes: About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X. Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: [email protected] SOURCE: Maison Solutions, Inc View the original press release on ACCESS Newswire

Lifetime Brands (LCUT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +262.07%. A quarter ago, it was expected that this kitchen products company would post earnings of $0.1 per share when it actually produced earnings of $0.11, delivering a surprise of +10%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Lifetime Brands, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $204.07 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $215.21 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lifetime Brands shares have lost about 23.5% since the beginning of the year versus the S&P 500's decline of 1%. While Lifetime Brands has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lifetime Brands was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.17 on $138.34 million in revenues for the coming quarter and $0.52 on $665.31 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Maison Solutions Inc. (MSS), is yet to report results for the quarter ended January 2026. This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Maison Solutions Inc.'s revenues are expected to be $33.1 million, down 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lifetime Brands, Inc. (LCUT) : Free Stock Analysis Report Maison Solutions Inc. (MSS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The RealReal (REAL) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to a loss of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +71.43%. A quarter ago, it was expected that this online luxury consignment site would post a loss of $0.14 per share when it actually produced a loss of $0.49, delivering a surprise of -250%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The RealReal, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $194.05 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.98%. This compares to year-ago revenues of $163.99 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The RealReal shares have lost about 23.8% since the beginning of the year versus the S&P 500's gain of 1.5%. While The RealReal has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for The RealReal was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.06 on $183.37 million in revenues for the coming quarter and -$0.02 on $760.84 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Maison Solutions Inc. (MSS), is yet to report results for the quarter ended January 2026. This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -66.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Maison Solutions Inc.'s revenues are expected to be $33.1 million, down 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The RealReal, Inc. (REAL) : Free Stock Analysis Report Maison Solutions Inc. (MSS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MONTEREY PARK, CA / ACCESS Newswire / December 22, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced financial results for the second quarter and six months ended October 31, 2025. Management Commentary John Xu, Chief Executive Officer of Maison Solutions commented: "Over the past few months, we've begun to activate our Worldcoin treasury initiative, made progress on our acquisition pipeline, and most importantly, taken initial steps to strengthen our financial profile. Our goal for the second half of the fiscal year is to further optimize our financial health. To that end, we plan to explore divesting our low performing stores and investments. While these potential divestitures may have a modest impact on our overall top-line results, we expect that the resulting margin and profitability improvements will be far more meaningful. Ultimately, our objective is to focus on operating profitable stores in California and Arizona." "The acquisition of profitable grocery stores and related businesses remains a key component of our growth strategy. We are currently conducting ongoing due diligence on several stores to evaluate their suitability for acquisition. The stores we are reviewing are operating profitability, serve our target demographic customers, and would align with our overall objectives. In addition, we are exploring opportunities in food distribution businesses similar to Dai Chong Trading to further optimize supply chain operations. Our intention is to remain disciplined and strategic, focusing on profitable targets that strengthen our bottom-line and support long-term growth." "As part of activating our Worldcoin and digital asset treasury strategy, investment in technology will be a long-term initiative. We believe technology will play a crucial role in enhancing operational efficiency and ultimately strengthen financial performance. Although the rollout of this strategy is intended to be phased over the long term, we are currently in early-stage discussions with some artificial intelligence and robotics company. We look forward to making meaningful progress toward our strategic goals and further optimizing our business and financial performance." Second Quarter 2026 Financial Results Total net revenues for the second quarter were $27.6 million compared to $29.4 million in the same period last fiscal year. The decrease was primarily driven by decreased sales of Maison Monterey Park and Maison Monrovia, partly offset by increased sales at Maison San Gabriel and Lee Lee stores. Net revenues from perishable goods for the second quarter were $14.4 million compared to $15.1 million in the same period last fiscal year. Net revenues from non-perishable goods for the second quarter were $13.2 million compared to $14.2 million in the same period last fiscal year. Total cost of revenues for the second quarter was $21.2 million compared to $21.5 million in the same period last fiscal year. The decrease was primarily from Maison Monrovia, Maison San Gabriel, and Maison Monterey Park, partly offset by increased cost of revenues from Lee Lee stores. Gross profit for the second quarter was $6.5 million, while gross margin was 23.4%. Gross profit for the same period last fiscal year was $7.9 million, while gross margin was 26.9%. The decrease was primarily due to an increase in cost of goods sold due to inflation while keeping products' selling price at a constant level or with a minimum increase for certain products to remain competitive. EBITDA for the second quarter was $(4.2) million compared to $0.7 million in the same period last fiscal year. Net loss attributable to Maison Solutions for the second quarter was approximately $5.0 million, compared to a net loss of approximately $256,000 for the same period last fiscal year. The decrease was primarily driven by a $2.4 million loss on note conversion stemming from digital asset mark-to-market adjustments amid current crypto market volatility, along with lower revenues and increased operating expenses compared to the prior year period. Six Month 2026 Financial Results Total net revenues for the first six months of fiscal 2026 were $54.8 million compared to $57.5 million in the same period last fiscal year. The decrease was primarily due to decreased sales of the Company's California-based supermarkets due to high competition from nearby Asian supermarkets and decreased sales of Lee Lee stores. Net revenues from perishable goods for the first six months of fiscal 2026 were $28.6 million compared to $29.6 million in the same period last fiscal year. Net revenues from non-perishable goods for the first six months of fiscal 2026 were $26.2 million compared to $28.0 million in the same period last fiscal year. Total cost of revenues for the first six months of fiscal 2026 was $41.8 million compared to $41.5 million in the same period last fiscal year. The increase was primarily from Lee Lee stores partly offset by decreased cost of revenues from the Company's three California-based supermarkets. Gross profit for the first six months of fiscal 2026 was $13.0 million, while gross margin was 23.7%. Gross profit for the same period last fiscal year was $16.0 million, while gross margin was 27.9%. The decrease was primarily due to the increased cost of goods sold due to inflation. EBITDA for the first six months of fiscal 2026 was $(4.7) million compared to $2.4 million in the same period last fiscal year. Net loss attributable to Maison Solutions for the first six months of fiscal 2026 was approximately $6.5 million, compared to a net income of approximately $445,000 for the same period last fiscal year. The decrease was primarily driven by a $2.4 million loss on note conversion stemming from digital asset mark-to-market adjustments amid current crypto market volatility during the second quarter, along with lower revenues and increased operating expenses compared to the prior year period. For more information regarding Maison Solution's financial results, including financial tables, please see our Form 10-Q for the second quarter ended October 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on December 22, 2025. The Company's SEC filings can be found on the SEC's website at https://www.sec.gov/ or the Company's investor relations site at https://investors.maisonsolutionsinc.com/. About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X. Non-GAAP Financial Measures As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of EBITDA, a non-GAAP financial measure, contained in this press release to the most directly comparable measure under GAAP, which reconciliations are set forth in the table below. Maison Solutions Inc. uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA to enable it to analyze its performance and financial condition. EBITDA excludes items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Because EBITDA is a non-GAAP financial measure, other companies may calculate EBITDA differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA should only be used as a supplemental measure of our operating and financial performance. Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: Gateway Group, Inc. +1-949-574-3860 [email protected] SOURCE: Maison Solutions, Inc. View the original press release on ACCESS Newswire

MONTEREY PARK, CA / ACCESS Newswire / September 22, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced financial results for the first quarter ended July 31, 2025. Management Commentary John Xu, Chief Executive Officer of Maison Solutions commented: "M&A continues to remain a core lever for growth. Our acquisition of Lee Lee highlighted the transformative impact of this strategy, as evidenced by our strong growth delivered last fiscal year. We plan to remain opportunistic on this front, with a particular focus on the Midwest and Southwest regions, which hold a steadily growing Asian and ethnic minority population that remain underserved. These markets present an attractive opportunity to establish a meaningful presence given the absence of clear industry leaders. Outside of supermarket acquisitions, we view technology as a long-term enabler of operational efficiency. Emerging technologies like AI and blockchain hold significant potential to optimize supermarket operations, and we are actively evaluating inorganic opportunities and strategies in this space." "On the supply chain front, building direct sourcing relationships across Southeast Asia region remains another core strategy. This model is critical for creating a lean and scalable supply chain while unlocking opportunities in private label development, brand partnerships, and margin expansion - benefits we can also pass along to our customers in the form of savings. As an early step, we recently entered into a distribution agreement with Guizhou Moutai Chiew Import and Export Co., Ltd. to bring one of China's leading luxury liquor brands to our California stores. This marks the beginning of a broader initiative to expand our Asian sourcing network and introduce a wider range of popular regional products across our supermarkets. In parallel, we see M&A as a potential lever to accelerate these capabilities." "At this stage of our organic growth strategy, we remain committed to strengthen the Lee Lee operations and performance, building on the proven success and financial contributions of the past year to drive sustained margin improvements. Together, these strategic priorities position us to strengthen our capabilities and ultimately better serve our communities and drive sustainable growth for the long-term." First Quarter 2026 Financial Results Total net revenues for the first quarter were $27.2 million compared to $28.2 million in the same period last year. The decrease was primarily due to decreased sales from California-based supermarkets, partially offset by increased sales of Lee Lee stores. Net revenues from perishable goods for the first quarter was $14.1 million compared to $14.4 million last fiscal year. Net revenues from non-perishable goods for the first quarter was $13.0 million compared to $13.7 million last fiscal year. Total cost of revenues for the first quarter was $20.6 million compared to $20.0 million last fiscal year. The increase was primarily from Lee Lee stores, partially offset by decreased cost of revenues from its California-based supermarkets. Gross profit for the first quarter was $6.6 million, while gross margin was 24.2%. Gross profit for the same period last year was $8.1 million, while gross margin was 28.9%. The decrease was primarily due to inflation increasing cost of goods sold. EBITDA for the first quarter was $(0.46) million compared to $1.69 million in the same period last year. Net loss attributable to Maison Solutions for the first quarter was approximately $(1.5) million, compared to a net income of approximately $0.7 million in the same period last year. For more information regarding Maison Solution's financial results, including financial tables, please see our Form 10-Q for the first quarter ended July 31, 2025, to be filed with the U.S. Securities and Exchange Commission (the "SEC") on September 22, 2025. The Company's SEC filings can be found on the SEC's website at https://www.sec.gov/ or the Company's investor relations site at https://investors.maisonsolutionsinc.com/. About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X. Non-GAAP Financial Measures As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of EBITDA, a non-GAAP financial measure, contained in this press release to the most directly comparable measure under GAAP, which reconciliations are set forth in the table below. Maison Solutions Inc. uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA to enable it to analyze its performance and financial condition. EBITDA excludes items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Because EBITDA is a non-GAAP financial measure, other companies may calculate EBITDA differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA should only be used as a supplemental measure of our operating and financial performance. Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: Gateway Group, Inc. +1-949-574-3860 [email protected] SOURCE: Maison Solutions, Inc View the original press release on ACCESS Newswire

MONTEREY PARK, CALIFORNIA / ACCESS Newswire / August 14, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced financial results for the fiscal year ended April 30, 2025. Full Fiscal Year 2025 Financial Results Total net revenues for fiscal year 2025 increased 114.0% to $124.2 million compared to $58.0 million last fiscal year, achieving its previously disclosed fiscal 2025 revenue guidance. The increase was primarily driven by the inclusion of revenues from the Company's newly acquired subsidiary, Lee Lee (acquired in April 2024). Net revenues from perishable goods for fiscal year 2025 increased 103.4% to $63.8 million compared to $31.4 million last fiscal year. Net revenues from non-perishable goods for fiscal year 2025 increased 126.5% to $60.4 million compared to $26.7 million last fiscal year. Total cost of revenues for fiscal year 2025 was $97.9 million compared to $46.4 million last fiscal year. The increase was primarily from the newly acquired subsidiary, Lee Lee, partly offset by decreased cost of revenues from the four California-based supermarkets. Gross profit for fiscal year 2025 was $26.3 million, while gross margin was 21.3%. Gross profit for last fiscal year was $11.6 million, while gross margin was 20.0%. The increase was primarily due to higher gross profit from the newly acquired subsidiary, Lee Lee. EBITDA for fiscal year 2025 was $3.5 million compared to $(2.3) million last fiscal year. Net income attributable to Maison Solutions for fiscal year 2025 was approximately $1.2 million, compared to a net loss of approximately $3.3 million last fiscal year, achieving its previously disclosed guidance of net income positive for the year. For more information regarding Maison Solution's financial results, including financial tables, please see our Form 10-K for the fiscal year ended April 30, 2025, to be filed with the U.S. Securities and Exchange Commission (the "SEC") on August 13, 2025. The Company's SEC filings can be found on the SEC's website at https://www.sec.gov/ or the Company's investor relations site at https://investors.maisonsolutionsinc.com/. About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X. Non-GAAP Financial Measures As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of EBITDA, a non-GAAP financial measure, contained in this press release to the most directly comparable measure under GAAP, which reconciliations are set forth in the table below. Maison Solutions Inc. uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA to enable it to analyze its performance and financial condition. EBITDA excludes items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Because EBITDA is a non-GAAP financial measure, other companies may calculate EBITDA differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA should only be used as a supplemental measure of our operating and financial performance. Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: Gateway Group, Inc. +1-949-574-3860 [email protected] SOURCE: Maison Solutions, Inc. View the original press release on ACCESS Newswire

MONTEREY PARK, CA / ACCESS Newswire / March 17, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced financial results for the third quarter and nine-months ended January 31, 2025. Management Commentary "The third quarter marked the first step in our mission to evolve beyond a traditional grocery chain into a solutions provider," said John Xu, President, Chairman, and Chief Executive Officer of Maison Solutions. "In late January, we signed a consultancy agreement with four East Coast-based Good Fortune Supermarkets, a strategic move that is the genesis of our expansion into solutions-based operations. This agreement, which will generate $1.3 million in annual compensation, will support our ongoing M&A initiative - our primary growth strategy. We continue to explore and identify acquisition targets that align with our existing stores' product offerings, customer base, and vision to ensure seamless integration across all our stores as a unified entity. The recent appointment of Jacob as our new COO strengthens our ability to execute this strategy, which we anticipate will enhance operational efficiency, improve margins, and drive profitability. Our Lee Lee stores have performed in line with our expectations, allowing us to deliver consistent sequential and year-over-year growth, as evidenced by another quarter of growth in both top- and bottom-line performance. Additionally, following the renovation of our El Monte store, we saw a slight increase in revenue for the quarter. This is an encouraging sign as we aim to continue this renovation initiative across all our California stores in the coming years. As we approach the end of our fiscal year, we remain confident in achieving our previously stated guidance and executing our growth strategies." Third Quarter 2025 Financial Results Total net revenues for the third quarter increased 151.1% to $34.1 million compared to $13.6 million in the same period last fiscal year. The increase was primarily driven by the inclusion of revenues from the newly acquired subsidiary, Lee Lee International Supermarkets ("Lee Lee") (acquired in April 2024) and increased sales of Maison El Monte. Net revenues from perishable goods for the third quarter increased 140.7% to $17.4 million compared to $7.2 million in the same period last fiscal year. Net revenues from non-perishable goods for the third quarter increased 163.0% to $16.7 million compared to $6.4 million in the same period last fiscal year. Total cost of revenues for the third quarter was $26.6 million compared to $10.4 million in the same period last fiscal year. The increase was primarily due to the inclusion of the newly acquired subsidiary, Lee Lee. Gross profit for the third quarter was $7.5 million, while gross margin was 22.1%. Gross profit for the same period last fiscal year was $3.2 million, while gross margin was 23.4%. The increase in gross profit was primarily due to higher gross profit from the newly acquired subsidiary, Lee Lee. The decrease in gross margin was primarily due to decreased gross profit from Maison Monterey Park resulting from increased competition from newly opened Asian supermarkets in nearby area. EBITDA for the third quarter increased 824.5% to $1.5 million compared to $(210,000) in the same period last fiscal year. Net income attributable to Maison Solutions for the third quarter was approximately $1.0 million, compared to a net loss of approximately $(549,000) for the same period last fiscal year. The increase was primarily due to the aforementioned reason above around the increases in gross profit. Nine Month 2025 Financial Results Total net revenues for the first nine months of fiscal 2025 increased 130.6% to $94.8 million compared to $41.1 million in the same period last fiscal year. The increase was primarily driven by the inclusion of revenues from the newly acquired subsidiary, Lee Lee. Net revenues from perishable goods for the first nine months of fiscal 2025 increased 116.8% to $48.6 million compared to $22.4 million in the same period last fiscal year. Net revenues from non-perishable goods for the first nine months of fiscal 2025 increased 147.2% to $46.2 million compared to $18.7 million in the same period last fiscal year. Total cost of revenues for the first nine months of fiscal 2025 was $70.9 million compared to $31.7 million in the same period last fiscal year. The increase was primarily from the newly acquired subsidiary, Lee Lee. Gross profit for the first nine months of fiscal 2025 was $24.0 million, while gross margin was 25.3%. Gross profit for the same period last fiscal year was $9.4 million, while gross margin was 22.9%. The increase was primarily due to higher gross profit from the newly acquired subsidiary, Lee Lee. EBITDA for the first nine months of fiscal 2025 increased 1,126.8% to $4.0 million compared to $323,000 in the same period last fiscal year. Net income attributable to Maison Solutions for the first nine months of fiscal 2025 was approximately $1.5 million, compared to a net loss of approximately $(562,000) for the same period last fiscal year. The increase was primarily due to the aforementioned reason above around the increases in revenue and gross profit. Fiscal Year 2025 Guidance The Company is reiterating the following guidance for fiscal year 2025: Revenues between $120 million and $125 million Net income positive For more information regarding Maison Solution's financial results, including financial tables, please see our Form 10-Q for the third quarter ended January 31, 2025, to be filed with the U.S. Securities and Exchange Commission (the "SEC") on March 17, 2025. The Company's SEC filings can be found on the SEC's website at https://www.sec.gov/ or the Company's investor relations site at https://investors.maisonsolutionsinc.com/. About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X. Non-GAAP Financial Measures As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of EBITDA, a non-GAAP financial measure, contained in this press release to the most directly comparable measure under GAAP, which reconciliations are set forth in the table below. Maison Solutions Inc. uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA to enable it to analyze its performance and financial condition. EBITDA excludes items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Because EBITDA is a non-GAAP financial measure, other companies may calculate EBITDA differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA should only be used as a supplemental measure of our operating and financial performance. Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: Gateway Group, Inc. +1-949-574-3860 [email protected] SOURCE: Maison Solutions, Inc View the original press release on ACCESS Newswire