MINISO Group Holding Limited (MNSO) plunged 5.25% in pre-market trading on Friday, following the release of its Q3 2024 earnings results. The stock's pre-market plunge came despite the company reporting robust overall revenue growth and continued global expansion.
For the third quarter of fiscal 2024, MINISO reported a 23% year-over-year increase in global revenue to RMB 12.28 billion. However, this figure narrowly missed analyst estimates of RMB 12.41 billion. The company's adjusted net profit grew 14% to RMB 1.93 billion, driven by strong overseas performance and improved gross margins.
MINISO's overseas revenue surged 41% year-over-year to RMB 4.54 billion, accounting for 37% of total revenue. The company opened 859 new stores globally during the quarter, with 449 of those openings happening overseas. As part of its international expansion strategy, MINISO announced plans to acquire a 29.4% stake in Yonghui Superstores, aiming to optimize procurement, develop private-label products, and improve operational efficiency.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。