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Miniso Group Holding Ltd. (MNSO)
:MNSO
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2021
|% Change Since: 27.37%
|Next Earnings Date:Dec 18, 2020
Earnings Call Sentiment|Positive
The earnings call displayed strong financial performance and significant growth in revenue, profit, and store count. While there were increased expenses and challenges in global expansion, the positive results and strategic advancements in IP and international markets contributed to an overall positive sentiment.Company Guidance
During the Q2 2024 earnings call for MINISO, the company reported a significant year-over-year growth in various financial metrics. Total revenue reached RMB 3.84 billion, marking a 54% increase compared to the previous year, while the gross margin improved by 3.1 percentage points to 43.1%. The adjusted net profit was recorded at RMB 660 million, translating to an adjusted net profit margin of 17.2%, or 17.4% when excluding foreign exchange impacts. MINISO's domestic offline sales surged by 66% year-over-year, and the overseas revenue, which contributed 34% to the total revenue, grew by 51%. The company also expanded its store network, adding 124 new stores in China during the December quarter and 174 in overseas markets. Looking ahead to 2024, MINISO plans to continue its aggressive expansion strategy, targeting the opening of 350 to 450 new stores in China and 550 to 650 overseas, with a focus on high-quality growth and an enhanced global supply chain.Record Revenue and Profit Growth
Total revenue reached RMB 3.84 billion, a new record with a 54% year-over-year increase. Adjusted net profit exceeded RMB 660 million, with a net profit margin of 17.2%. For the full year 2023, total revenue was RMB 13.8 billion, up around 40% year-over-year, and adjusted net profit was RMB 2.36 billion, a 110% increase year-over-year.
Strong Performance in Overseas Markets
Overseas revenue reached about RMB 1.5 billion, a 51% year-over-year growth. Notably, directly operated markets saw a 90% increase in revenue, contributing over 50% of overseas revenue for the first time.
Expansion and Growth in Store Count
MINISO opened 124 new stores in China in the December quarter and 174 new stores overseas, reaching a total store count of over 6,000 globally.
Successful IP Strategy
The IP product sales contribution for 2023 was 40%. Strategic categories like blind boxes and plush toys saw a 70% increase in sales year-over-year.
Improved Gross Margin
Gross margin increased to 43.1% this quarter, up 3.1 percentage points from the same period in 2022.
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MNSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 29, 2024 | $18.49 | $20.01 | +8.22% |
| May 14, 2024 | $24.92 | $23.74 | -4.74% |
| Mar 12, 2024 | $17.37 | $17.66 | +1.67% |
| Nov 21, 2023 | $26.82 | $24.23 | -9.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Miniso Group Holding Ltd. (MNSO) report earnings?
Miniso Group Holding Ltd. (MNSO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Miniso Group Holding Ltd. (MNSO) earnings time?
Miniso Group Holding Ltd. (MNSO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNSO EPS forecast?
MNSO EPS forecast for the fiscal quarter 2024 (Q4) is 0.34.
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