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Chanson International Holding

Chanson International Holding (CHSN)

0.8371
-5.46
( -86.71% )
Updated: 15:42:04

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.8371
Bid
0.8371
Ask
0.8399
Volume
19,141,764
0.815 Day's Range 6.42
0.815 52 Week Range 15.55
Market Cap
Previous Close
6.30
Open
6.33
Last Trade
1050
@
0.8371
Last Trade Time
15:42:04
Financial Volume
$ 32,066,371
VWAP
1.6752
Average Volume (3m)
646,791
Shares Outstanding
12,425,319
Dividend Yield
-
PE Ratio
318.52
Earnings Per Share (EPS)
-
Revenue
17.25M
Net Profit
34k

About Chanson International Holding

Chanson International Holding manufactures and sells a wide selection of bakery products, seasonal products and beverage products; some of these stores also offer eat-in services. It focuses to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to c... Chanson International Holding manufactures and sells a wide selection of bakery products, seasonal products and beverage products; some of these stores also offer eat-in services. It focuses to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy their products. Show more

Sector
Cookies And Crackers
Industry
Cookies And Crackers
Headquarters
Grand Cayman, Cym
Founded
-
Chanson International Holding is listed in the Cookies And Crackers sector of the NASDAQ with ticker CHSN. The last closing price for Chanson was $6.30. Over the last year, Chanson shares have traded in a share price range of $ 0.815 to $ 15.55.

Chanson currently has 12,425,319 shares outstanding. The market capitalization of Chanson is $78.28 million. Chanson has a price to earnings ratio (PE ratio) of 318.52.

CHSN Latest News

Chanson International Holding Announces a Collaboration under Coffee Brand Soul ● Song in Xinjiang, China

URUMQI, China, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its...

Chanson International Holding Expects Significant Progress in Store Expansion

URUMQI, China, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-4.7429-84.99820788535.586.480.81531066626.04903899CS
4-4.3129-83.7456310685.156.480.81516493285.64307912CS
12-11.4029-93.160947712412.2412.940.8156467916.14099119CS
26-0.9829-54.00549450551.8215.550.8155256278.43881962CS
52-0.3129-27.20869565221.1515.550.8153287037.1562847CS
156-3.1629-79.0725418.64990.8154181675.22772471CS
260-3.1629-79.0725418.64990.8154181675.22772471CS

CHSN - Frequently Asked Questions (FAQ)

What is the current Chanson share price?
The current share price of Chanson is $ 0.8371
How many Chanson shares are in issue?
Chanson has 12,425,319 shares in issue
What is the market cap of Chanson?
The market capitalisation of Chanson is USD 78.28M
What is the 1 year trading range for Chanson share price?
Chanson has traded in the range of $ 0.815 to $ 15.55 during the past year
What is the PE ratio of Chanson?
The price to earnings ratio of Chanson is 318.52
What is the cash to sales ratio of Chanson?
The cash to sales ratio of Chanson is 0.62
What is the reporting currency for Chanson?
Chanson reports financial results in USD
What is the latest annual turnover for Chanson?
The latest annual turnover of Chanson is USD 17.25M
What is the latest annual profit for Chanson?
The latest annual profit of Chanson is USD 34k
What is the registered address of Chanson?
The registered address for Chanson is 4TH FLOOR, HARBOUR PLACE, 103 SOUTH CHURCH STREET, PO BOX 10, GRAND CAYMAN, KY1-1002
What is the Chanson website address?
The website address for Chanson is ww.chanson-international.com
Which industry sector does Chanson operate in?
Chanson operates in the COOKIES AND CRACKERS sector

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CHSN Discussion

View Posts
Trooperstocks Trooperstocks 1 month ago
$CHSN expected to open higher today. Blue skies on the horizon. #bullish
👍️ 1 😎 1
Trooperstocks Trooperstocks 1 month ago
$CHSN Holding December gains $9.43 +1.84% HOD $10.06 "Chanson International In Expansion Mode"
https://www.benzinga.com/partner/movers-shakers/24/12/42292112/chanson-international-closing-the-year-in-expansion-mode
👍️ 1 💯 1
Trooperstocks Trooperstocks 2 months ago
$CHSN Just shot up to $10.60 +$1.55 up +17.13% Today! Closing the week strong
👍️ 1 💥 1 💯 1
Trooperstocks Trooperstocks 2 months ago
$CHSN NEW HOD $10.00 +10.45% Shorts being squeezed! In the latest news, Chanson International Reported Closing The Year In Expansion Mode
https://www.benzinga.com/partner/movers-shakers/24/12/42292112/chanson-international-closing-the-year-in-expansion-mode
👍️ 1 💯 1
Trooperstocks Trooperstocks 2 months ago
$CHSN 5-Day Perf.+25.52% HOD $9.55 #Bullish
👍️ 1 💯 1
Trooperstocks Trooperstocks 2 months ago
$CHSN $8.68 +12.73% on High Volume! Shorts being squeezed. In the latest news, Chanson International Reported Closing The Year In Expansion Mode
https://www.benzinga.com/partner/movers-shakers/24/12/42292112/chanson-international-closing-the-year-in-expansion-mode
👍️ 2 💯 1
ProfitScout ProfitScout 2 months ago
$CHSN Feature: Chanson International Closing The Year In Expansion Mode
December 3, 2024
Click here:
https://www.benzinga.com/partner/movers-shakers/24/12/42292112/chanson-international-closing-the-year-in-expansion-mode
👍️ 1 🙂 1
Trooperstocks Trooperstocks 2 months ago
$CHSN $8.13 +5.45% up early! Gross profit was $3.1 million for the six months ended June 30, 2024, which decreased by 27.8% from $4.3 million for the same period of last year. Gross margin was 41.5% for the six months ended June 30, 2024, which decreased by 7.7% points from 49.2% for the same period of last year.
👍️ 1
Trooperstocks Trooperstocks 2 months ago
$CHSN (Nasdaq: CHSN) Chanson reported a remarkable 30.0% increase in revenue to $17.3 million YE, driven by higher revenue from its stores. Gross profit rose by 33.5% to $8.1 million, maintaining a stable gross margin of 47.2%. For more detailed info: http://ir.chanson-international.net/
👍️ 2 😎 1
Trooperstocks Trooperstocks 2 months ago
$CHSN Interesting to see the pre-market action with a high of $8.36 +15.31%
👍️ 1 😎 1
Trooperstocks Trooperstocks 2 months ago
$CHSN (Nasdaq: CHSN) Chanson reported a remarkable 30.0% increase in revenue to $17.3 million YE, driven by higher revenue from its stores. Gross profit rose by 33.5% to $8.1 million, maintaining a stable gross margin of 47.2%. For more detailed info: http://ir.chanson-international.net/
👍️ 1 😎 1
Trooperstocks Trooperstocks 2 months ago
$CHSN announced a collaboration with Xinjiang Hengtai Investment to expand its Soul*Song coffee brand thru franchising in Yili, Xinjiang, China. The first franchised café at the Nalati National Tourist Resort in July 2024 achieving record-breaking sales. https://stocktitan.net/news/CHSN/chanson-international-holding-announces-a-collaboration-under-coffee-m4nga85caren.html
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BlazingStocks BlazingStocks 2 months ago
$CHSN Investor Relations 
https://www.chanson-international.com/investor-relations/
👍️0
BlazingStocks BlazingStocks 2 months ago
$CHSN - Chanson International is a continuously evolving full-service dining company. The Company operates more than 30 locations internationally, including bakery stores, cafes, and cocktail lounges. Its menu features Baguettes, Croissants, Eclairs, Cakes, Ficelle Sandwiches, Salads, Artisinal Teas, Coffee Beverages, Craft Cocktails, and more. Chanson International generates revenue from two primary sources: the sale of food & beverages and the distribution of bakery products.https://www.chanson-international.com/about/
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BlazingStocks BlazingStocks 2 months ago
$CHSN - Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers. The company sells its products through a chain of 29 bakeries, as well as digital platforms and third-party online food ordering platforms. It also offers eat-in services in its stores. The company sells its bakery and other products under the George Chanson, Patisserie Chanson, and Chanson brand names.https://www.otcmarkets.com/stock/CHSN/profile
👍️0
BlazingStocks BlazingStocks 2 months ago
$CHSN News November 25, 2024

Chanson International Holding Announces a Collaboration under Coffee Brand Soul * Song in Xinjiang, China
https://finance.yahoo.com/news/chanson-international-holding-announces-collaboration-130000468.html

👍️0
Trooperstocks Trooperstocks 2 months ago
$CHSN NEWS Chanson and Xinjiang Hengtai Investment expand Soul * Song in Yili, China - The ‘blend bean concept’ introduced by Soul * Song offers diverse flavours catering to individual tastes. https://finance.yahoo.com/news/chanson-xinjiang-hengtai-investment-expand-102145163.html
👍️ 1 💯 1 😎 1
Trooperstocks Trooperstocks 2 months ago
$CHSN Top Gains Pre-Market $7.91 +8.80%
👍️ 1 💯 1
Trooperstocks Trooperstocks 2 months ago
Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of Chanson, commented, “The introduction of the franchise model is a key milestone in the growth of our Soul * Song brand, and underscoring a commitment to enhancing our marketing strategy and brand visibility. After thorough investigation and analysis, we selected the picturesque and culturally rich 5A-level tourist resort in Nalati as the ideal location to showcase our brand’s uniqueness and positioning within a high-quality consumption environment. 5A-level tourist resort is the highest rating by government, awarded to China’s most important and well-maintained tourist attractions. Our goal is to provide consumers with an unprecedented experience that combines food and cultural elements. We believe that this franchise model will foster sustainable growth for Chanson while contributing to the vitality of Xinjiang’s local tourism economy.” $CHSN
👍️ 1 😎 1
ProfitScout ProfitScout 2 months ago
CHSN management is clearly well qualified and experienced to deliver success with the business model here.
-------------------------------------------------------------------------------------------------------------------------------

Chairman and Chief Executive Officer

Mr. Li has been our Chief Executive Officer since September 2022, our Chairman since September 2020, and our Director since July 2019. Mr. Li served as the chief executive officer of Xinjiang United Family Trading Co., Ltd. (“Xinjiang United Family”) from May 2016 to January 2018 and from August 2015 to January 2016. Mr. Li has been the chief executive officer of Urumqi Plastic Surgery Hospital Co., Ltd. since July 2011 and the chief executive officer of Urumqi Marie Gynecological and Obstetrical Hospital (Limited) since August 2009, responsible for the operations and investment of the companies. Mr. Li received his bachelor’s degree in Chinese Literature from Xinjiang University in 1989.

Jihong Cai

Chief Financial Officer

Ms. Cai has been our Chief Financial Officer since September 2020. Ms. Cai has served as the chief financial officer of Xinjiang United Family since September 2018. Prior to joining Xinjiang United Family, Ms. Cai served as the chief financial officer of Xinjiang Dongbao Group from June 2016 to August 2018, as the chief financial officer of Xinjiang Fudiyuan Real Estate Development Co., Ltd. from June 2011 to May 2016, and as the chief financial officer of Xinjiang Osman Biotechnology Co., Ltd. from July 2002 to January 2011. Ms. Cai is a Chinese Certified Tax Agent, accountant, and financial planner. Ms. Cai received her bachelor’s degree in Accounting from Hubei University in 1991.
👍️ 1
ProfitScout ProfitScout 2 months ago
There is a lot to the CHSN business plan and the company has much experience to draw on from its initial launch back in 2009. \

About Chanson International Holding

Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages chain stores in China and New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson's dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company's website: http://ir.chanson-international.net/.
👍️ 1
ProfitScout ProfitScout 2 months ago
CHSN is on an quick pace to open multiple new store sites in both China and the US as described in their November 21st news. I especially like their plans to reach 60 operations before the end of 2024.

URUMQI, China, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced that it expects its total number of chain stores across China and the United States to reach 60 by the end of December 2024. This milestone reflects the Company’s commitment to accelerating business growth and enhancing its market presence in both China and the United States.
👍️ 2 💯 1
ProfitScout ProfitScout 2 months ago
Nice news from CHSN today. The company is expanding its successful business ventures which is the path to prosperity. They seem to understand this well.

From today's press release:

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of Chanson, commented, “The introduction of the franchise model is a key milestone in the growth of our Soul * Song brand, and underscoring a commitment to enhancing our marketing strategy and brand visibility. After thorough investigation and analysis, we selected the picturesque and culturally rich 5A-level tourist resort in Nalati as the ideal location to showcase our brand’s uniqueness and positioning within a high-quality consumption environment. 5A-level tourist resort is the highest rating by government, awarded to China’s most important and well-maintained tourist attractions. Our goal is to provide consumers with an unprecedented experience that combines food and cultural elements. We believe that this franchise model will foster sustainable growth for Chanson while contributing to the vitality of Xinjiang’s local tourism economy.”
👍️ 1
Trooperstocks Trooperstocks 2 months ago
NEWS: Chanson International Holding Announces a Collaboration under Coffee Brand Soul * Song in Xinjiang, China
Chanson International Holding
Mon, November 25, 2024 at 8:00 AM EST

In This Article:
CHSN +4.17%

Chanson International Holding
URUMQI, China, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announces a collaboration with a leading hotel and restaurant management enterprise in Yili, Xinjiang, China, Xinjiang Hengtai Investment Co., Ltd. (“Xinjiang Hengtai”) to expand its coffee brand, Soul * Song, through a franchise operation model in Yili. This milestone marks significant progress in the development of Chanson’s Soul * Song brand, further deepening its market presence and extending its brand influence in the Xinjiang region.

In July 2024, the Company celebrated the grand opening of a Soul * Song café in partnership with Xinjiang Hengtai at the scenic Nalati National Tourist Resort in Yili, Xinjiang, China. Soul ? Song’s innovative "blend bean concept" highlights the art of blending, offering diverse flavors to suit every customer's unique taste. The café quickly became a must-visit destination within the resort, breaking the Company's single-day coffee-related sales record by achieving daily sales of RMB 30,000 on both August 8 and August 15, 2024. This marks Chanson's first attempt in adopting a franchise model, partnering with a distinguished local enterprise for mutual growth and success. Building on its growing influence in the Yili region, the Company plans to open five additional Soul ? Song cafés under the franchise model by 2025.

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of Chanson, commented, “The introduction of the franchise model is a key milestone in the growth of our Soul * Song brand, and underscoring a commitment to enhancing our marketing strategy and brand visibility. After thorough investigation and analysis, we selected the picturesque and culturally rich 5A-level tourist resort in Nalati as the ideal location to showcase our brand’s uniqueness and positioning within a high-quality consumption environment. 5A-level tourist resort is the highest rating by government, awarded to China’s most important and well-maintained tourist attractions. Our goal is to provide consumers with an unprecedented experience that combines food and cultural elements. We believe that this franchise model will foster sustainable growth for Chanson while contributing to the vitality of Xinjiang’s local tourism economy.”

About Chanson International Holding
Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages stores in China and in New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson's dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company's website: http://ir.chanson-international.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Chanson International Holding
Investor Relations Department
Email: IR@chansoninternational.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
👍️ 2 💯 1 😀 1 😎 1 🙂 1
Trooperstocks Trooperstocks 2 months ago
$CHSN $7.40 HOD $8.00 Nasdaq Trading CHSN Makes Significant Strides in Store Expansion

On November 21st CHSN announced significant progress in its store expansion efforts, reaching a total of 60 direct-operate stores across China and the United States by the end of December 2024. https://compasslivemedia.com/chsn/
👍️ 2 💯 1
Trooperstocks Trooperstocks 2 months ago
NEWS: Chanson International Holding Expects Significant Progress in Store Expansion
Chanson International Holding
Thu, November 21, 2024 at 8:00 AM EST

In This Article: CHSN
Chanson International Holding

URUMQI, China, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced that it expects its total number of chain stores across China and the United States to reach 60 by the end of December 2024. This milestone reflects the Company’s commitment to accelerating business growth and enhancing its market presence in both China and the United States.

Chanson currently manages 49 stores in China with eight additional stores that are being furnished and set to open by December 31, 2024, along with three stores in the United States. The expansion brings Chanson’s total store count to 60 across China and the United States, marking a significant growth from the 37 stores Chanson operated when its initial public offering was completed in April 2023, and surpassing Chanson’s previous goal of opening three to five new stores annually. At the new stores scheduled to open by December 31, 2024, Chanson expects to deliver a curated selection of packaged bakery products, freshly made pastries, and an extensive beverage menu, focusing on healthy, ready-to-eat options, along with impeccable service in a cozy café ambiance, fostering guest relaxation and meaningful social interactions.

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of Chanson, commented, “We believe our commitment to great in-store service and high-quality offerings is the cornerstone of our success, ensuring operational standards while expanding our market reach. Our expansion strategy allows us to optimize resource allocation and respond to customer demands swiftly and effectively, ultimately driving growth in key markets. As part of our long-term vision, we are dedicated to enhancing our brand presence across China and the United States, delivering outstanding dining experiences to guests. This strategy not only accelerates store openings but also strengthens our position as a trusted and innovative leader in the bakery and beverage industry. We are confident that our focus on service excellence and quality will continue to drive sustainable growth and customer loyalty.”

About Chanson International Holding

Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages chain stores in China and New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson's dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company's website: http://ir.chanson-international.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Chanson International Holding
Investor Relations Department
Email: IR@chansoninternational.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
👍️ 2 💯 1 🙂 1
Trooperstocks Trooperstocks 2 months ago
$CHSN +25.00% Today after Financials Reported. Great details available about this growing Nasdaq! https://compasslivemedia.com/chsn/
👍️ 1 😎 1
Trooperstocks Trooperstocks 2 months ago
CHSN's gross profit was $3.1 million for the six months ended June 30, 2024, which decreased by 27.8% from $4.3 million for the same period of last year. Gross margin was 41.5% for the six months ended June 30, 2024, which decreased by 7.7% points from 49.2% for the same period of last year.
👍️ 2
Trooperstocks Trooperstocks 2 months ago
Total revenue was $7.5 million for the six months ended June 30, 2024, which decreased by 14.4%, from $8.8 million for the same period of last year. The decrease in revenue was due to decreased revenue from both the stores in China (the "China Stores") and the stores in the United States (the "United States Stores"). $CHSN
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Trooperstocks Trooperstocks 2 months ago
$CHSN Announces Financial Results For First Half of Fiscal Year 2024
PR Newswire

In This Article: CHSN +17.55%

URUMQI, China, Sept. 27, 2024 /PRNewswire/ -- Chanson International Holding (Nasdaq: CHSN) (the "Company" or "Chanson"), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced its unaudited financial results for the six months ended June 30, 2024.

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, "In the first half of fiscal year 2024, despite facing various challenges, we have shown resilience and adaptability in a dynamic market. While we experienced a slight decline in revenue, we have successfully maintained our gross margins at above 40%, by enforcing cost control measures and enhancing operating efficiency. Additionally, with an increased cash reserve as of June 30, 2024, we are in a solid position to manage market uncertainties. As we move forward, we remain confident in our long-term growth strategy and execution capabilities. Our expansion initiatives in both the United States and China are expected to remain a key focus of our growth. We aim to drive revenue by attracting new customers and encouraging repeat business from existing ones. Specifically, this is expected to be achieved by strengthening opportunistic purchasing, optimizing inventory management, maintaining strong store conditions, and effectively marketing both current and new product offerings. We believe that with all those efforts in place, we will navigate short-term headwinds and return to long-term growth in the near future."

First Half of Fiscal Year 2024 Financial Summary

Total revenue was $7.5 million, compared to $8.8 million for the same period of last year.

Gross profit was $3.1 million, compared to $4.3 million for the same period of last year.

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

Net income was $0.02 million, compared to $0.3 million for the same period of last year.

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

First Half of Fiscal Year 2024 Financial Results

Revenue

Total revenue was $7.5 million for the six months ended June 30, 2024, which decreased by 14.4%, from $8.8 million for the same period of last year. The decrease in revenue was due to decreased revenue from both the stores in China (the "China Stores") and the stores in the United States (the "United States Stores").

China Stores

Revenue from the China Stores was $6.5 million for the six months ended June 30, 2024, which decreased by or 7.3%, from $7.0 million for the same period of last year. The decrease was mainly due to the decreased revenue from bakery products as well as from other products.

Revenue from bakery products was $5.9 million for the six months ended June 30, 2024, which decreased by 7.3%, from $6.4 million for the same period of last year. The post-COVID-19 economy in China has recovered at a slower pace than expected, and the spending behavior of consumers has been affected by various factors, such as the economic downward pressure and lack of consumer confidence. As a result, revenue from bakery products decreased due to the decline in average spending per customer and the consumption downgrade during the six months ended June 30, 2024.

Revenue from other products was $0.58 million for the six months ended June 30, 2024, which decreased by 7.0%, from $0.62 million for the same period of last year. The decrease was mainly due to decreased revenue from seasonal products, which was partially offset by increased revenue from beverage products. Revenue from seasonal products was $0.36 million for the six months ended June 30, 2024, which decreased by 16.4% from $0.44 million for the same period of last year. The decrease was due to the consumption downgrade as mentioned above. The average spending per customer declined because customers preferred lower-priced seasonal products during the six months ended June 30, 2024. Revenue from beverage products was $0.22 million for the six months ended June 30, 2024, an increase by 14.8% from $0.19 million for the same period of last year, mainly due to increased revenue from freshly brewed coffee products, as the China Stores are focusing on expanding the business of coffee beverages and more coffee bakery stores were opened in the six months ended June 30, 2024.

United States Stores

Revenue from the U.S. Stores was $1.0 million for the six months ended June 30, 2024, which decreased by 42.2% from $1.8 million for the same period of last year. The decrease was mainly due to decreased revenue from beverage products and eat-in services, which was partially offset by the slightly increased revenue from bakery products.

Revenue from bakery products remained relatively stable at $0.24 million for the six months ended June 30, 2024, with a slight increase by 2.6% from $0.23 million for the same period of last year. The increase was due to the increased revenue from bakery products of approximately $0.1 million, generated by Chanson 3rd Ave and Chanson Broadway. The increase in revenue from bakery products was partially offset by the decreased revenue from Chanson Greenwich of approximately $0.09 million. Many famous bakery brands have opened new stores in New York City, customers now have more choices and revenue from bakery products of Chanson 23rd Street and Chanson Greenwich were affected. With the increased competition, Chanson Greenwich closed its business operation in the second half of fiscal year 2023.

Revenue from beverage products was $0.6 million for the six months ended June 30, 2024, which decreased by 37.2% from $1.0 million for the same period of last year, primarily due to the closure of Chanson Greenwich as mentioned above. The decrease was also attributable to increased competition from rivals operating in the same area. After the cocktail bars of the United States Stores launched several new types of cocktail products with new flavors and styles, such products became popular among customers and the cocktail bars were often fully booked by reservation. However, the rivals operating in the same area also launched many types of attractive cocktail products, so customers currently have more choices, and revenue from beverage products were adversely affected during the six months ended June 30, 2024.

Revenue from eat-in services was $0.2 million for the six months ended June 30, 2024, which decreased by 69.7% from $0.6 million for the same period of last year. The decrease was mainly due to the decreased revenue from Chanson Greenwich of approximately $0.4 million as a result of the closure of its business as mentioned above. Moreover, the decrease was due to the slightly decreased revenue from Chanson 23rd Street of approximately $0.01 million, as Chanson 23rd Street adjusted its menu items and customers were adjusting to the new products. The decrease in revenue from eat-in services was partially offset by increased revenue from eat-in services of approximately $0.02 million, generated by Chanson 3rd Ave and Chanson Broadway.

Gross Profit and Gross Margin

Gross profit was $3.1 million for the six months ended June 30, 2024, which decreased by 27.8% from $4.3 million for the same period of last year. Gross margin was 41.5% for the six months ended June 30, 2024, which decreased by 7.7% points from 49.2% for the same period of last year.

Operating Expenses

Operating expenses were $3.7 million for the six months ended June 30, 2024, compared to $4.2 million for the same period of last year.

Selling expenses were $2.2 million for the six months ended June 30, 2024, which decreased by 8.7%, from $2.4 million for the same period of last year. The decrease was mainly due to decreased selling expenses of approximately $0.2 million incurred by Chanson Greenwich, as Chanson Greenwich was closed in the second half of fiscal year 2023. The decrease in selling expenses was partially offset by increased selling expenses of approximately $0.07 million generated by the Chanson 3rd Ave and Chanson Broadway, the new stores opened in March 2023 and July 2023, respectively.

General and administrative expenses were $1.5 million for the six months ended June 30, 2024, which decreased by 17.9% from $1.8 million for the same period of last year. The decrease was primarily due to the closure of Chanson Greenwich as mentioned above.

Net Income

Net income was $0.02 million for the six months ended June 30, 2024, compared to $0.28 million for the same period of last year.

Basic and Diluted Earnings per Share

Basic and diluted earnings per share were $0.002 for the six months ended June 30, 2024, compared to $0.027 for the same period of last year.

Balance Sheet

As of June 30, 2024, the Company had cash of $4.1 million, compared to $1.5 million as of December 31, 2023.

Cash Flow

Net cash provided by operating activities was $0.8 million for the six months ended June 30, 2024, compared to $0.6 million for the same period of last year.

Net cash provided by investing activities was $1.4 million for the six months ended June 30, 2024, compared to net cash used in $11.3 million for the same period of last year.

Net cash provided by financing activities was $0.4 million for the six months ended June 30, 2024, compared to $9.7 million for the same period of last year.

About Chanson International Holding

Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages 46 stores in China, and three stores in New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson's dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company's website: http://ir.chanson-international.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Chanson International Holding
Investor Relations Department
Email: IR@chansoninternational.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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Trooperstocks Trooperstocks 2 months ago
$CHSN Chanson International Holding NASDAQ 7.60 +1.16 up 18.01%
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TeddyCaswell TeddyCaswell 3 months ago
7 mins until Boom
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Involuntary-Recluse Involuntary-Recluse 3 months ago
Yes,,,,,,,,,,,,,,,,,,,Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr look out below imho
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lucky, mydog lucky, mydog 3 months ago
another bot?
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lucky, mydog lucky, mydog 3 months ago
lolol. you know the sec suspended this, right? are you a human?
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dinogreeves dinogreeves 4 months ago
This will open in the OTC about 30 days. Good luck everyone who bought anything over 15 dollars. Game over.
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TeddyCaswell TeddyCaswell 4 months ago
Do you know the likely outcome of this if and when it resumes trading
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lucky, mydog lucky, mydog 4 months ago
bad kitty.
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Renee Renee 4 months ago
CHSN: SEC Suspension because of questions and concerns regarding indicia of potential manipulation in the securities of Chanson effectuated through recommendations, made to investors by unknown persons via social media to purchase the securities of Chanson, which appear to be designed to artificially inflate the price and volume of the securities of Chanson. The order was entered pursuant to Section 12(k) of the Exchange Act

https://www.sec.gov/files/litigation/suspensions/2024/34-101272.pdf
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Awl416 Awl416 4 months ago
H10 traded suspended
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tw0122 tw0122 4 months ago
Wouldn’t touch China stocks or be very cautious now, as last night worst dump in history of China big cap stocks. All the big caps tanked..Fidelity BlackRock and Vanguard dumped there China holdings yesterday at highs they back to USA
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Awl416 Awl416 4 months ago
T1 Halt
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da_stock_analyst da_stock_analyst 4 months ago
#CHSN 🔥 halted! what happened? $CHSN
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Triple nickle Triple nickle 4 months ago
Eighteen on the horizon
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dinogreeves dinogreeves 4 months ago
Zero as in impossible Roaring Kitty gets involved with this ticker. This may run and it may fall flat on its face, but not because of Roaring Kitty.
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Loudanepro Loudanepro 4 months ago
Zero……as in 50/50?
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dinogreeves dinogreeves 4 months ago
Zero.
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Loudanepro Loudanepro 4 months ago
What are the chances that roaring kitty sends this?
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Zardiw Zardiw 4 months ago
$CHSN +402% - #DDAmanda Video Analysis - #1 Stock Screener / Scanner



Z
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Xunefox Xunefox 4 months ago
Place your bets


place your bets….


are you a savvy enough “lucky” trader to play the swing odds on this Chinese meme stocks …… OR will you lose EVERYTHING!!

Place your bets
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