Why Yoshitsu Stock Is Racing Higher - Yoshitsu Co (NASDAQ:TKLF)

　　Yoshitsu Co., LtdTKLF shares are trading higher Tuesday after the company reported a year-over-year increase in its fiscal year financial results.

　　The Details:

　　Yoshitsu reported quarterly earnings of 20 cents per share, representing a 190.91% increase from the same period last year. The company reported $195.68 million in sales for the quarter which is a 15.29% increase over sales from the same period last year.

　　Yoshitsu said revenue from directly-operated physical stores increased by 28.8%, to $15 million for fiscal year 2024, up from $11.6 million in 2023. The increase was mainly due to its newly offered luxury products, which contributed a significant portion of increased directly-operated physical store sales.

　　“I am thrilled to report that Yoshitsu has achieved outstanding success during fiscal year 2024. Our total revenue surged by 15.3%, and our income from operations increased by 601.3%, clear indicators of our robust growth and strategic excellence. This remarkable increase is primarily driven by the performance of our directly-operated physical stores and our expanding franchise network, alongside our dedicated wholesale customers,” said Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu.

　　Yoshitsu stock is blasting higher on heavy trading volume following the release of its fiscal year financial results. According to data from Benzinga Pro, more than 266 million shares have been traded in the session, compared to the stocks 100-day average of less than 2.2 million shares.

　　How To Buy TKLF Stock:

　　By now you're likely curious about how to participate in the market for Yoshitsu Co – be it to purchase shares, or even attempt to bet against the company.

　　Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

　　In the the case of Yoshitsu Co, which is trading at $0.56 as of publishing time, $100 would buy you 178.57 shares of stock.

　　If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

　　TKLF Price Action:According to Benzinga Pro, Yoshitsu shares are up 75% at 54 cents at the time of publication Tuesday.

　　Image: Pete Linforth from Pixabay

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