Welcome to our dedicated page for Miniso Group Holding news (Ticker: MNSO), a resource for investors and traders seeking the latest updates and insights on Miniso Group Holding stock.
MINISO Group Holding Limited (NYSE: MNSO) is a global value retailer and lifestyle brand that frequently issues detailed news releases on its operations, store network and financial performance. As a company focused on trendy lifestyle products featuring IP design, MINISO's news flow often highlights developments in its MINISO and TOP TOY brands and the evolution of its global store footprint.
Readers of the MNSO news page can expect regular updates on quarterly and interim unaudited financial results, including revenue trends, gross margin, operating profit, adjusted net profit, adjusted EBITDA and cash position. The company also reports metrics such as same-store GMV or same-store sales growth, store counts in mainland China and overseas markets, and the number of directly operated, retail partner and distributor model stores.
MINISO's news also covers brand and format developments, such as the launch and expansion of the MINISO LAND concept. For example, the company has announced the opening of Australia's first MINISO LAND flagship at Westfield Chatswood in Northern Sydney, describing immersive IP-themed zones, proprietary IP installations and a wide selection of IP collaboration products. Other releases discuss the rapid revenue growth of the TOP TOY brand and its expansion into overseas markets.
Investors and followers of MNSO will also find announcements about earnings conference calls, annual general meetings, dividend declarations, capital allocation, changes in auditors and updates on transactions involving major shareholders. For those tracking MINISO's strategy in IP-driven retail, trendy toys and global store expansion, the news stream provides ongoing insight into management's priorities and the company's operational momentum.
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.
MINISO, the global lifestyle brand, has opened its first IP Collection Store in the US at the American Dream Mall in New Jersey. This store marks a significant milestone in MINISO's expansion across the US, offering innovative shopping experiences with beloved IP characters and products. With a focus on collaboration and unique design, MINISO aims to become the world's leading IP design retail group, with a strong emphasis on North America for growth.
MINISO Group Holding (NYSE: MNSO; HKEX: 9896), a global value retailer specializing in trendy lifestyle products, will release its March quarter 2024 financial results on May 14, 2024. The company's management will host an earnings conference call to discuss the financial results. MINISO has built a strong brand presence globally since 2013, offering aesthetically pleasing, quality products at affordable prices.
FAQ
What is the current stock price of Miniso Group Holding (MNSO)?
What is the market cap of Miniso Group Holding (MNSO)?
