Miniso Group Holding Ltd Stock Price, News & Analysis

Carmila reported strong leasing activity with 763 leases signed in the first nine months of 2021, marking increases of 34% from 2019 and 105% from 2020. Rent collection improved to 90.1% in Q3 2021, a 12-point rise year-on-year. Despite a 9.1% decline in net rental income compared to 2020, the company maintains stable recurring earnings per share expectations for 2021. A new €810 million revolving credit facility aims to bolster financial structure. S&P upgraded the company's outlook to stable and confirmed its BBB rating. A share buyback program commenced in September 2021.

MINISO has launched its new '$10 N' Under' concept in the US, with four retail outlets opening on October 2, 2021. The stores, located in California and Virginia, focus on affordable items priced under $10, responding to strong consumer demand. This initiative marks a significant shift in MINISO's supply chain strategy for North America, aimed at ensuring a consistent supply of affordable products. With a total of 38 stores in the US, MINISO continues its expansion since entering the market in 2017.

Lifestyle product retailer MINISO (NYSE: MNSO) has opened seven new stores in India during September 2021, bringing its total to over 150 locations. New stores are situated in Kolkata, Vellore, New Delhi, Pasighat, Gandhidham, and Sikar. Despite pandemic challenges, MINISO aims to become a leading lifestyle brand in India, optimizing its online and offline retail strategies to maintain stable pricing and supply chains. The company has opened more than 20 new stores in India since early 2020, showcasing resilience and commitment to both local customers and its brand growth.

MINISO has launched a new flagship store in Dubai Mall, United Arab Emirates, on September 24, 2021. This marks the fifth store opened since the pandemic began, bringing the total to 25 stores in the UAE and five in Oman. The store achieved a record sales figure on its opening day. MINISO has adapted its business strategy during the pandemic by enhancing its online presence through partnerships with local platforms and adjusting in-store layouts to meet changing customer needs, including a focus on home furnishings and hygiene products.

MINISO Group announced its acquisition of an 80% equity stake in YGF Investment V Limited for approximately RMB700.4 million. The transaction, approved by the board, aims to consolidate YGF Investment's financial results into MINISO's statements. The headquarters project, located in Guangzhou's Pazhou Internet Innovation Zone, has a total estimated investment of RMB2,885 million, including land use rights. This initiative is expected to enhance MINISO's operational capacity and long-term financial stability, with project completion anticipated by 2025.

MINISO Group Holding Limited (NYSE: MNSO) filed its annual report on Form 20-F for the fiscal year ending June 30, 2021. The report is available on the company's investor relations website and the SEC's site. MINISO continues to expand its brand as a global value retailer, focusing on design-led lifestyle products. The company offers a wide range of affordable, quality products and fosters an engaging shopping experience. Shareholders can request a hard copy of the report with audited financial statements at no charge.

MINISO (NYSE: MNSO) continues its European expansion with a new store opening in Seville, Spain, on August 26, marking its 36th location in the country. Following this, a flagship store in Oxford, UK, opened on August 27, and a franchise in Sardinia, Italy, opened on August 28. This growth occurs despite a resurgence of COVID-19, which has affected consumer spending in Europe. The brand's popularity among young consumers, driven by innovative product designs and competitive pricing, positions it to capture market opportunities during challenging times.

MINISO Group Holding Limited (NYSE: MNSO) reported strong financial results for Q4 and fiscal year 2021, revealing a 59.2% year-over-year revenue increase to RMB2,472.4 million (US$382.9 million). Gross profit rose 68.4% to RMB639.1 million (US$99.0 million). While the fourth quarter showed impressive growth, fiscal year totals were mixed, with total revenue up 1.0% year over year to RMB9,071.7 million (US$1,405.0 million), but net loss from continuing operations reached RMB1,429.4 million (US$221.4 million). A cash dividend of approximately RMB300 million has been approved, signaling a focus on shareholder returns.

MINISO Group Holding Limited (NYSE: MNSO) has announced its plans to release financial results for the June quarter of 2021 on August 19, 2021, before U.S. markets open. The company's management will discuss these results in an earnings conference call scheduled for 8:00 A.M. Eastern Time on the same day. MINISO is recognized as a fast-growing global value retailer known for its design-led lifestyle products and a significant store network worldwide. For more details, stakeholders can access the conference call via Zoom or through the company's investor relations website.