Tokyo Lifestyle posts $373.2m revenue despite net income slump
Tokyo Lifestyle’s revenue rose 77.6% to $373.2m, driven by franchise and wholesale sales. Net income, however, fell to $0.65m from $6.6m.
Gross profit increased 17.5% to $28.1m, with gross margin contracting to 7.5%. Operating income dropped to $3.2m from $4.7m, as operating expenses climbed 29.6% to $24.9m.
Sales to franchise stores and wholesale customers rose 86.9% to $346.7m, while online store and services revenue dropped 10.7% to $6.7m. Basic and diluted earnings per share for FY26 were $0.02, down from $0.16.
Cash and cash equivalents totalled $2.1m, down from $4.8m the previous year.