Hong Kong · Delayed Price · Currency is HKD MINISO Group Holding Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 22.4% YoY in H1 2026, led by strong China performance and proprietary IP expansion. Large-format stores and membership growth drove high-quality results, while overseas faced headwinds. Full-year revenue is expected to grow mid-double digits, with margin pressure from overseas.
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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 gross margin and adjusted EBITDA margin improving. Direct store expansion and supply chain localization supported performance, while shareholder returns remained a priority.
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Revenue grew 23% to RMB 12.28 billion in the first nine months, with strong overseas and IP-driven growth. Gross margin hit 44.1%, and adjusted net profit rose 40%. Store expansion and the Yonghui acquisition support a positive outlook, with 2024 guidance reaffirmed.
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.