The drop in revenue was attributed to lower sales in China and the US

F&B operator Chanson International Holding reported a total revenue of $7.5m for the six months ended 30 June, 2024, a decrease of 14.4%, from $8.8m for the same period of last year.

The decrease in revenue was due to decreased revenue from both China and US businesses.

Net income was $23.4k compared to $284.7k for the same period of last year. Gross profit was $3.1m, compared to $4.3m for the same period of last year.

Gross margin was 41.5%, compared to 49.2% for the same period of last year.

Revenue from the China stores decreased by 7.3% to $6.5m in the first half of the year from $7m for the same period of last year. This was mainly due to the decreased revenue frombakeryproducts as well as from other products.

Meanwhile, revenue from the US stores was $1m in H1 2024, which decreased by 42.2% from $1.8m in H1 2023, due to a decline in revenue from beverage products and eat-in services. However, this was partially offset by the slight increase in revenue from bakery products.

Chanson’s basic and diluted earnings per share were $0.002, compared to $0.027 for the same period of last year.

Chanson operates three brands such as George Chanson, Patisserie Chanson, and the Thyme Bar.