Hong Kong · Delayed Price · Currency is HKD MINISO Group Holding Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 28.5% to CNY 5.7B in Q1 2026, with strong growth in China, North America, and key overseas markets. Proprietary IP and large-format stores drove higher sales and profitability, while AI and membership strategies supported operational efficiency.
Fiscal Year 2025
-
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.
-
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.
-
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
-
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.
-
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.