Hong Kong · Delayed Price · Currency is HKD MINISO Group Holding Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 28.5% to CNY 5.7B, with adjusted net profit up 8% and strong cash flow. Store upgrades, proprietary IP, and international expansion drove growth, while membership and large format stores boosted sales and margins. Guidance remains robust for 2026.
Fiscal Year 2025
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Record revenue and profit growth in 2025, driven by strong same-store sales, international expansion, and proprietary IP strategy. Outlook for 2026 remains robust, with accelerated store upgrades and global expansion planned.
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Q1 2025 revenue surged 90% year-over-year, driven by strong growth in both China and overseas markets, with significant improvements in same-store sales and gross margin. Direct store expansion and supply chain diversification supported performance, while shareholder returns remained a priority.
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Net revenue grew 23% to RMB 12.28 billion in the first nine months, with strong overseas and IP-driven growth, and 859 net new stores added. Gross margin hit a record 44.1%, and the company remains on track for its full-year targets, including the Yonghui acquisition.
Fiscal Year 2024
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Global store count reached 7,780 with 23% revenue growth to RMB 17B, driven by overseas expansion and strong IP strategy. Adjusted net profit rose 15% to RMB 2.72B, and gross margin hit 44.9%. Plans include quality-focused store growth and continued high dividend payout.
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Revenue grew 25% year-over-year to RMB 7.76 billion, with strong global store expansion and improved gross margin. Adjusted net profit rose 18%, and the company remains on track for its 2024 and five-year growth targets.