Tokyo Lifestyle Co. (TKLF) has announced a 31.6% decline in net income, totaling $1.3 million for the first half of the fiscal year ending on September 30, 2024, compared to $2.0 million during the same period last year. Earnings per share have fallen to $0.03 from $0.05.
Total revenue for the first half reached $98.0 million, marking a 32.1% increase from $74.2 million in the previous year. Revenue from franchise stores and wholesale customers surged by 53.8%, amounting to $86.9 million for the six months ending September 30, 2024, up from $56.5 million last year.
