Maison Solutions announces Q1 EBITDA of $0.5M compared to $1.7M in the previous year.
Reports Q1 revenue $27.2M vs. $28.2M last year. John Xu, CEO, 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."
