Miniso Group Holding Ltd. ( (MNSO) ) has released its Q3 earnings. Here is a breakdown of the information Miniso Group Holding Ltd. presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Miniso Group Holding Ltd., a global value retailer known for its trendy lifestyle products, has reported significant growth in its latest earnings report. The company, which operates in the retail sector, has achieved a milestone of 8,000 stores worldwide.
In the September quarter, Miniso’s revenue increased by 28.2% year over year, reaching RMB5.8 billion. The company also saw a 14.8% rise in adjusted operating profit. The Miniso brand added 102 net new stores in Mainland China, contributing to strong same-store sales growth. Additionally, the TOP TOY brand recorded a remarkable 111.4% increase in revenue.
Key financial metrics highlight Miniso’s robust performance, with a gross profit increase of 27.6% and an adjusted EBITDA rise of 18.8%. Despite a slight contraction in gross margin, the company’s adjusted net profit grew by 11.7%. Miniso’s strategic expansion into overseas markets, particularly in North America and Europe, has been a significant driver of its revenue growth.
Looking ahead, Miniso’s management remains optimistic about sustaining its growth momentum. The company aims to continue its global expansion and enhance its operational efficiency, signaling a positive outlook for future performance.