Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group Holding (NYSE: MNSO; HKEX: 9896) has announced a HKD2 billion share repurchase program approved by its board of directors on August 30, 2024. The program will run for 12 months and allows the company to repurchase outstanding ordinary shares and/or American depositary shares. MINISO plans to fund the repurchases from surplus cash, expressing confidence in its business outlook and believing its current share price is below intrinsic value. The repurchases aim to promote shareholder interests and balance growth with stable returns. Purchases may be made on the open market, through private transactions, or other legal means, subject to market conditions and regulations. The program will be conducted under shareholder-approved mandates, with careful consideration to avoid triggering mandatory offer obligations.

MINISO Group reported strong financial results for Q2 2024 and H1 2024:

- Q2 revenue up 24.1% YoY to RMB4,035.2 million, surpassing RMB4 billion for first time

- Q2 gross profit up 36.9% YoY to RMB1,773.3 million

- Q2 gross margin reached record high of 43.9%

- Q2 adjusted net profit up 9.4% YoY to RMB625.0 million

- H1 revenue up 25.0% YoY to RMB7,758.7 million

- H1 gross profit up 37.9% YoY to RMB3,389.8 million

- H1 adjusted net profit up 17.8% YoY to RMB1,241.9 million

Key drivers were global store network expansion, strong overseas growth, and improved margins. The company declared an interim dividend and approved a new share repurchase program.

MINISO, the global lifestyle brand, celebrated the grand opening of its 200th store in the United States on August 24, 2024, at Santa Monica's 3rd Street Promenade. This milestone underscores MINISO's rapid expansion in the U.S. market, with new stores opening in key locations like Times Square and the American Dream Mall. The Santa Monica store, spanning over 3,700 square feet, features dedicated zones showcasing collaborations with popular IPs such as Disney, Sanrio, and Minions.

The store's opening highlighted MINISO's strategic use of global IPs to create meaningful connections with consumers. It also debuted the exclusive Disney Stamp blind box series, reflecting the brand's commitment to innovative product offerings. With 200 stores now established across North America, including over 20 U.S. states, MINISO continues to strengthen its position as a leading global lifestyle brand.

MINISO (NYSE: MNSO) has launched its Lucky 7 perfume series, inspired by the number 7's symbolism of luck and prosperity. The series, created in collaboration with seven internationally acclaimed perfumers, features six distinct fragrances: Classic, Muse, Goddess, Bloom, Starlight, and Passion. Each scent is designed to evoke feelings of confidence, optimism, and good fortune.

The perfumes debuted on August 18th at 11 stores in the USA, including MINISO's newly revamped store near Wall Street. The series will be rolled out across U.S. stores and internationally, with Indonesia launching at the end of August. MINISO is also hosting a global 'Lucky 7 Lifetime Version' online lottery starting August 20th, with seven winners receiving a 7.3-liter MINISO LUCKY 7 perfume.

MINISO Group Holding (NYSE: MNSO; HKEX: 9896), a global value retailer of trendy lifestyle products, has announced it will release its 2024 June quarter and interim results on August 30, 2024, before the U.S. market opens. The company will hold an earnings conference call at 5:00 A.M. Eastern Time (5:00 P.M. Beijing Time) on the same day to discuss the financial results.

Investors and analysts can access the call via Zoom or by dialing in from various countries. The replay will be available approximately two hours after the live event on MINISO's investor relations website. MINISO Group, known for its aesthetically pleasing and affordable products, has built a massive store network worldwide since opening its first store in China in 2013.

MINISO, the global lifestyle brand, opened a flagship store in Paris on June 22, 2024, at 104 Avenue des Champs-Elysées, near luxury brands and the Arc de Triomphe. This new location, the largest in Europe, recorded the highest single-day sales outside of mainland China. The store spans over 8,600 ft² and features MINISO's IP collaboration collections with brands like Sanrio, Disney, and Barbie, and debuts the BT21 collection in France.

This opening aligns with MINISO's 'Super Store' strategy of establishing large-format stores in high-traffic areas. The strategy aims to enhance customer experience and boost global brand recognition. The move follows strong financials, with global revenue up 26% YoY to $515.7 million in Q1 2024, and overseas revenue up 52.6% to $169.2 million. MINISO now operates in 110 overseas markets with 6,630 stores worldwide, planning to open 900–1,100 new stores in 2024, over half of which will be overseas.

MINISO Group announced that all proposed resolutions were adopted in their annual general meeting held on June 20, 2024, in Hong Kong. The company, which trades on both the NYSE under the symbol MNSO and the HKEx as 9896, shared that these resolutions included key strategic decisions for the upcoming fiscal year. MINISO is a global retailer known for its trendy lifestyle products featuring IP designs.

MINISO Group Holding (NYSE: MNSO; HKEX: 9896), a global value retailer known for trendy lifestyle products, has announced a change in the venue for its annual general meeting (AGM). Originally scheduled for June 20, 2024, the AGM will now be held at Flats B-D, 35/F, Plaza 88, 88 Yeung Uk Road, Tsuen Wan, the New Territories, Hong Kong. The change is due to administrative reasons.

MINISO Group announced its March Quarter 2024 unaudited financial results, showing significant growth and expansion. Revenue reached RMB3,723.5 million (US$515.7 million), a 26% year-over-year increase, while gross profit was RMB1,616.5 million (US$223.9 million), up 39.1%. Operating profit stood at RMB743.3 million (US$102.9 million), a 29.1% rise. Adjusted net profit hit RMB616.9 million (US$85.4 million), a 27.7% increase. The adjusted EBITDA margin improved to 25.9%. The company expanded its retail footprint to 6,630 stores, including 4,034 in mainland China and 2,596 overseas. This rapid growth reflects MINISO's successful implementation of its IP and globalization strategies.