Information
GUANGZHOU, China , Nov. 29, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 989...
Original sourceAI Summary
Revenue increased 22.8% year-over-year, reaching RMB12.28 billion. Gross margin improved to 44.1%, up 3.7 percentage points year-over-year. Net profit rose 11.6% year-over-year to RMB1.83 billion. Overseas revenue contribution increased to 37% from 32% year-over-year. The company added 859 net new stores in 2024, nearing annual targets.
Sentiment Rationale
Positive revenue and margin growth could encourage investor confidence, similar to previous strong quarters boosting MNSO stock.
Trading Thesis
The immediate positive financial results likely to reflect in MNSO stock performance shortly.
Market-Moving
- Revenue increased 22.8% year-over-year, reaching RMB12.28 billion.
- Gross margin improved to 44.1%, up 3.7 percentage points year-over-year.
- Net profit rose 11.6% year-over-year to RMB1.83 billion.
Key Facts
- Revenue increased 22.8% year-over-year, reaching RMB12.28 billion.
- Gross margin improved to 44.1%, up 3.7 percentage points year-over-year.
- Net profit rose 11.6% year-over-year to RMB1.83 billion.
- Overseas revenue contribution increased to 37% from 32% year-over-year.
- The company added 859 net new stores in 2024, nearing annual targets.
Companies Mentioned
- YONG (YONG)
- WMT (WMT)
- AMZN (AMZN)
Earnings
Earnings results significantly impact stock price; the positive metrics are likely to influence market perception.