Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO (NYSE: MNSO) launched its Lotso collection from Toy Story in Vietnam on October 18, 2022. The launch included various products such as plush toys, pillows, and keychains, which were highly anticipated by customers. Following the launch, stores saw record sales, with the Van Hanh store in Ho Chi Minh breaking sales records on opening day and overall sales in Vietnam increasing nearly twofold. The collection features 16 different items, and dedicated Lotso zones were set up in stores.

MINISO (NYSE: MNSO) celebrated Diwali on October 22, 2022, at its New Delhi store, attracting nearly 200 visitors with floral decorations and festive activities. Sales of perfumes and scented products surged by 27% month-over-month and 47% year-on-year. Currently, MINISO offers 140 scented products tailored to Indian preferences. The company, with over 200 stores in India, aims to strengthen local ties through cultural celebrations and localized product strategies. General Manager Bella Tu emphasized ongoing collaboration with local distributors to explore growth opportunities.

MINISO Group Holding Limited (NYSE: MNSO) will release its September quarter 2022 financial results on November 14, 2022, before U.S. markets open. An earnings conference call is scheduled for 7:00 A.M. Eastern Time on the same day, aimed at discussing the financial results in detail. Investors can join the call via a Zoom link or dial-in numbers available for various regions. MINISO continues to position itself as a global value retailer, offering design-led lifestyle products with a focus on quality and affordability.

MINISO (NYSE: MNSO) recently launched the #PlantForPanda# campaign to support panda conservation by planting bamboo in China's Qinling Giant Panda Habitat. The initiative, part of its Corporate Social Responsibility efforts, encourages global engagement across 14 countries. As of October 7, 2022, MINISO successfully facilitated the planting of 50,183 bamboo clumps, with plans to complete the project by spring 2023. The campaign garnered significant interaction online and offline, with nearly 600,000 consumers participating in related events. This move reflects MINISO's long-standing commitment to social responsibility.

MINISO Group Holding Limited (NYSE: MNSO) has announced its annual general meeting (AGM) on December 7, 2022, in Guangzhou, China. Shareholders of record as of November 7, 2022, are eligible to attend and vote. Concurrently, the company has filed its annual report on Form 20-F for the fiscal year ending June 30, 2022, with the SEC. This report includes the audited consolidated financial statements and can be accessed online. MINISO aims to provide a variety of design-led lifestyle products, promoting an engaging shopping experience worldwide.

MINISO (NYSE: MNSO) opened its 2000th store outside China on October 1, 2022, in Lyon, France. This milestone marks a significant step in the brand's global expansion since 2015. The new store, located in the Saint Genis 2 shopping center, spans 200m² and features popular licensed collections, attracting six million annual visitors. The brand aims to have 20 outlets in France by the end of 2022, having already established stores in Paris, Lille, Nantes, and Calais. As of June 30, 2022, MINISO operates around 5,200 stores globally, with approximately 200 in Europe.

On October 1, MINISO (NYSE: MNSO) reopened its Vaughan Mills store in Toronto, unveiling the new "$2 Plus" concept aimed at enhancing the shopping experience while providing affordable products. This revamp reflects MINISO's adaptation to rising inflation, emphasizing quality and diversity over traditional dollar store offerings. With 50 stores in Canada since 2017, MINISO focuses on offering well-designed products at reasonable prices. The Vaughan Mills store is among the first to implement this concept, alongside three others in Ontario and British Columbia.

MINISO Group Holding Limited (NYSE: MNSO) announced that chairman and CEO Guofu Ye plans to purchase up to $5 million worth of the Company’s ordinary shares and/or American depositary shares within the next twelve months. This amount represents approximately 0.3% of the total issued share capital as of September 28, 2022. Ye currently holds about 61.6% of the issued shares through controlled entities. The purchases will depend on market conditions and are meant to demonstrate confidence in MINISO’s long-term growth. However, shareholders should note that the purchase plan may not proceed.

MINISO Group, a global retailer, announced a new share repurchase program authorized on September 29, 2022, allowing the repurchase of up to US$100 million in shares over 12 months. The program aims to enhance shareholder value and is expected to be funded from surplus cash. Repurchases may occur through various methods based on market conditions. The Board expresses confidence in the company's future, noting the financial resources available will not adversely impact working capital.