Miniso's Earnings Report Reveals Impressive Growth Figures
Why Investors Were Hot on Miniso Stock This Week
The company has been posting high net-profit margins lately. Asian goods retailer Miniso (NYSE: MNSO) was a popular item for investors this week. Over the five days the market was open, the Chinese company's U.S. shares climbed almost 16% higher, according to data compiled by S&P Global Market Intelligence. One specific event provided the catalyst for this leap.
Double-digit improvements on key line items in the fourth quarter
That event was the release of Miniso's fourth-quarter earnings report, which featured growth numbers that were well in the double digits.
- Revenue rose 54% year over year to hit 3.84 billion yuan ($534 million).
- Non-IFRS (adjusted) net income also improved dramatically, advancing by 77% to just under 661 million yuan ($92 million).
Aggressive store-count growth is part of the strategy
Although Miniso did not proffer specific guidance for its current quarter or the entirety of 2024, it did state that it plans to open 900 to 1,100 stores annually from this year through 2028. It also aims to post a compound annual growth rate of at least 20% across that stretch of time.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.