Japan's Tokyo Lifestyle H1 revenue surges on franchise and wholesale growth
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Tokyo Lifestyle's fiscal H1 revenue surged by 94.3% year-over-year, driven by franchise and wholesale growth. Despite a net loss due to tax and foreign exchange impacts, gross profit increased. The company plans future expansion and investments, with revenue from franchise and wholesale customers up by 102.5% and physical store revenue rising by 47.1%. Promotional activities boosted sales but impacted gross margin.
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