India, July 10 -- On Friday, Tokyo Lifestyle Co., Ltd (TKLF), a luxury brand company reported lower profit in fiscal 2026 despite higher revenue.
Net income for the year dropped to $0.65 million, from $6.64 million the previous year. Earnings per share went down to $0.02, from $0.16 last year.
The decline in profit was primarily due to higher operating expenses and a significant decline in other incomes.
Total revenue for the year went up to $373.22 million, from $202.12 million in the previous year.
In the pre-market activity on Nasdaq, the shares were trading 15.57 percent higher at $2.4500, after closing Thursday's regular trading 3.41 percent up.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Cont...