Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group (NYSE: MNSO; HKEX: 9896) has completed a US$550 million offering of equity linked securities due 2032. The securities bear a 0.5% annual interest rate, payable semiannually, and can be exchanged for cash starting six years after the closing date until maturity.

The company implemented Call Spread Transactions, with the securities and lower strike call settled in cash, while shares may be issued under the upper strike warrant. The initial exercise price is set at HK$64.395 per Share, a 26.1% premium over the reference price of HK$51.05. The upper strike exercise price is HK$102.10, representing a 100% premium.

The securities are listed on the Singapore Exchange Securities Trading and were offered to non-U.S. persons in offshore transactions under Regulation S.

MINISO Group (NYSE: MNSO) has announced a US$550 million offering of equity linked securities due 2032. The Securities will bear a 0.5% annual interest rate, payable semiannually, with an initial exercise price of HK$64.395 per Share, representing a 32.5% premium over the expected offer price.

The company plans to use 50% of the net proceeds for overseas expansion, supply chain optimization, brand building, and working capital, while the other 50% will be used for share repurchases. The Securities will be exchangeable for cash from January 14, 2031, and include Call Spread Transactions to reduce potential dilution and offset cash payments.

Security holders can require MINISO to redeem their Securities on January 14, 2028, and January 14, 2030, at 100% of the principal amount plus accrued interest. The offering is expected to close around January 14, 2025.

MINISO (NYSE: MNSO) launched its largest store in Spain on December 20, marking the first MINISO LAND store in Europe. Located in Madrid's Gran Via, this 1100m² flagship store introduces an innovative 'IP theme park-style' shopping concept, featuring collaborations with major brands like Harry Potter, Sanrio, Snoopy, and Disney.

The two-floor store showcases over 6,000 different products, with approximately 70% being IP collaboration items. The location features distinctive zones including a blind box area, cosmetics section, claw machine experience area, and themed spaces. The store's exterior boasts a 20-meter Sanrio-inspired glass façade.

This opening is part of MINISO's European expansion strategy. As of September 2024, MINISO operates approximately 7,200 stores globally, including 260 in Europe, with plans for further expansion.

MINISO Group (NYSE: MNSO) reported strong financial results for the first nine months of 2024. Revenue increased 22.8% year over year to RMB12,281.3 million, driven by 18.5% store count growth and low-single digit same-store sales growth. Gross profit rose 34.1% to RMB5,419.8 million, with gross margin expanding to 44.1%. The company's global store network reached 7,420 locations, adding 859 net new stores. Overseas revenue contribution increased to 37% from 32% last year. Operating profit grew 14.3% to RMB2,347.4 million, while adjusted net profit increased 13.7% to RMB1,928.1 million.

MINISO Group (NYSE: MNSO; HKEX: 9896) has announced an extraordinary general meeting (EGM) scheduled for January 17, 2025, in Hong Kong. The meeting's primary purpose is to seek shareholder approval for the proposed acquisition of a 29.4% stake in Yonghui Superstores Co., The acquisition agreement was previously announced in September 2024 through MINISO's PRC subsidiary. Shareholders of record as of December 6, 2024, are eligible to vote at the EGM, with specific voting instructions provided for ADS holders through The Bank of New York Mellon.

MINISO has launched a global collection of over 800 Harry Potter-inspired products across various categories including plush toys, pet products, cups, toys, stationery, gifts, and fragrances. The collection features designs incorporating iconic elements from the Harry Potter films, such as Hogwarts house themes, the Golden Snitch, and beloved characters. Products are available in multiple countries including the United States, Canada, Malaysia, the United Kingdom, and France, with plans to expand to over 80 countries worldwide. Special themed store displays and pop-ups have been implemented in locations like the Irvine Spectrum Center and Hong Kong. MINISO plans to continue expanding the collection with new items through 2025.

MINISO Group (NYSE: MNSO; HKEX: 9896) announced it will release its September quarter 2024 financial results before U.S. market opens on November 29, 2024. Management will host an earnings conference call at 4:00 A.M. Eastern Time (5:00 P.M. Beijing Time) on the same day, with simultaneous English interpretation available. The company, a global value retailer of trendy lifestyle products with IP design, operates through its MINISO store network since 2013, focusing on aesthetically pleasing design, quality, and affordability.

MINISO announced significant achievements at its Global Brand Strategic Upgrade Results Launch Conference 2024 in Shanghai. The company has partnered with over 150 global IPs, including Harry Potter and Disney, generating over 10 billion RMB in IP product sales. MINISO operates in 111 countries with 2,753 stores outside mainland China, implementing a seven-tier store format. The company launched MINISO LAND, its first scenario-based IP collection store in Shanghai, and introduced MINISO FRIENDS format targeting Gen-Z customers. The company has over 100 million registered members globally, with overseas membership growing 63% since 2024.

MINISO opened its newest IP Collection Store at Toronto's Eaton Centre on October 19, featuring Sanrio characters. The 300-square-meter store showcases various themed sections including Sanrio, Harry Potter, Loopy, and Barbie collections. The store marks the Canadian debut of MINISO's Harry Potter collection, which has been successful in Hong Kong and globally. The location features dedicated zones for perfumes, personal care, cosmetics, and electronics. The opening celebration included a live DJ, ribbon-cutting ceremony, and special promotions. This expansion follows the success of MINISO's West Vancouver flagship store, with more locations planned across Canada.