SYDNEY, Sept. 9, 2024 /PRNewswire/ -- MINISO, the renowned global lifestyle brand, is excited to announce the grand opening of its first Sanrio-themed store in Australia on September 7th. This store, located on George Street in Sydney, marks the brand's first-ever Sanrio-themed IP collection shop in Australia and its first flagship shop in the country. With over 2,500 SKUs and an area of approximately 300 square meters, this new store is set to offer a brand-new and joyful shopping experience to the Austral ...

JAKARTA, Indonesia, Sept. 3, 2024 /PRNewswire/ -- A magical shopping adventure has commenced with the grand opening of MINISO's largest global flagship store at Central Park Mall in Jakarta, Indonesia. Spanning around 3,000 square meters, this flagship store is a retail wonderland designed to resemble a "Dream Castle Amusement Park." Featuring eight product categories and three themed IP zones, it offers a unique shopping experience that seamlessly integrates entertainment and retail.Eager shoppers lining u ...

Investment Rating - The report maintains an "OUTPERFORM" rating for MINISO Group (MNSO US) with a target price of USD 25.40, down from a previous target of USD 31.30 [2][6]. Core Insights - MINISO reported solid performance in Q2 2024, with revenue reaching RMB 4.04 billion, a year-on-year increase of 24%. The gross profit margin (GPM) hit a record high of 43.9%, up 4.1 percentage points year-on-year [10]. - The company plans to implement a share repurchase program with a maximum limit of HKD 2 billion over the next 12 months and declared an interim dividend of RMB 620 million, approximately 50% of the adjusted net profit for the first half of the year [4][10]. - Domestic revenue was RMB 2.53 billion, up 18% year-on-year, while overseas revenue reached RMB 1.51 billion, up 35% year-on-year [10]. Financial Performance Summary - Revenue projections for 2024-2026 are RMB 17.3 billion, RMB 21.2 billion, and RMB 25.4 billion, respectively, with adjusted net profits expected to be RMB 2.82 billion, RMB 3.47 billion, and RMB 4.14 billion [6][10]. - The adjusted net profit for Q2 2024 was RMB 625 million, a 9% increase year-on-year, with an adjusted net profit margin of 15.5% [10]. - The company’s operating expenses ratio increased to 20.5%, up 5.8 percentage points year-on-year, while the general and administrative expense ratio was 5.6%, up 0.5 percentage points year-on-year [10]. Store Expansion and Market Dynamics - As of June 30, 2024, MINISO had 4,115 domestic stores, with a net increase of 81 stores in the quarter. The overseas store count reached 2,753, with a net increase of 157 stores [4][10]. - The company’s O2O (Online to Offline) business grew nearly 80% year-on-year, supporting same-store sales recovery to 98.3% of the previous year's levels [4][10]. - The report highlights that the direct sales market remains a key growth driver, with a 79% year-on-year increase in gross merchandise value (GMV) for direct sales [10].

 GUANGZHOU, China, Aug. 30, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company", together with its subsidiaries, the "Group"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on August 30, 2024 (the "2024 Share Repurchase Program"), under which the Company may repurchase ...

Core Viewpoint - MINISO Group reported strong financial results for the June Quarter and the First Half of 2024, with significant revenue growth and improved profitability metrics, driven by expansion in both domestic and international markets [1][9]. Financial Highlights for the June Quarter - Revenue increased by 24.1% year over year to RMB4,035.2 million (US$555.3 million), surpassing RMB4 billion for the first time [2]. - Gross profit rose by 36.9% year over year to RMB1,773.3 million (US$244.0 million), with a gross margin of 43.9%, a record high [2][15]. - Operating profit increased by 8.9% year over year to RMB751.5 million (US$103.4 million) [2]. - Adjusted net profit grew by 9.4% year over year to RMB625.0 million (US$86.0 million), despite a net foreign exchange loss [2][18]. - Adjusted EBITDA increased by 17.1% year over year to RMB1,002.0 million (US$137.9 million) [2][26]. Financial Highlights for the First Half of 2024 - Revenue increased by 25.0% year over year to RMB7,758.7 million (US$1,067.6 million) [3]. - Gross profit rose by 37.9% year over year to RMB3,389.8 million (US$466.5 million), with a gross margin of 43.7% [3][21]. - Operating profit increased by 18.1% year over year to RMB1,494.8 million (US$205.7 million) [3]. - Adjusted net profit grew by 17.8% year over year to RMB1,241.9 million (US$170.9 million) [3][25]. - Adjusted EBITDA increased by 26.0% year over year to RMB1,967.4 million (US$270.7 million) [3][26]. Operational Highlights - The total number of MINISO stores reached 6,868 as of June 30, 2024, with 455 net new stores opened in the First Half of 2024 [4]. - The number of MINISO stores in mainland China was 4,115, with 189 net new stores opened [4]. - Overseas markets saw a record opening of 266 net new stores, totaling 2,753 stores [4][6]. Strategic Comments - The CEO highlighted the successful execution of the five-year strategic plan, with significant progress in expanding the store network and achieving double-digit same-store sales growth in overseas markets [9]. - The CFO noted that despite ongoing investments in overseas markets, the company maintained healthy profitability levels, with a focus on disciplined financial strategies [10][11]. Dividend Declaration - The board approved an interim cash dividend of approximately US$85.5 million (RMB621.3 million), representing about 50% of the adjusted net profit for the First Half of 2024 [12].

The Santa Monica store, encompassing over 3,700 square feet marks the latest chapter in MINISO's U.S. expansion. This year alone, MINISO has opened numerous new stores in key locations across the country, including Times Square and Tangram in New York, and at the American Dream Mall in New Jersey, reinforcing its strategic focus on building a strong and widespread presence in the world's largest consumer market. The brand's ability to resonate with American consumers is evident in the continued success of i ...

MINISO's Lucky 7 perfume series embodies the idea of "Naturally Lucky" – the belief that everyone possesses innate luck. Through carefully crafted natural fragrances, Lucky 7 creates an uplifting atmosphere that helps individuals unlock their own good fortune and attract positive energy. MINISO believes that a positive outlook is key to harnessing luck, and the fresh, floral, and fruity notes of Lucky 7 infuse everyday life with optimism and hope. The phrase "Naturally Lucky" encapsulates both the idea that ...

MINISO Group Holding Limited Unsponsored ADR (MNSO) ended the recent trading session at $15.85, demonstrating no swing from the preceding day's closing price. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.21%.Prior to today's trading, shares of the company had lost 19.01% over the past month. This has lagged the Retail-Wholesale sector's loss of 6.2% and the S&P 500's loss of 4.22% in that time.The investment community will be closely monitoring the performance of MINISO Group Holding L ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about MINISO Group Holding Limited Unsponsored ADR (MNSO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MINISO ...

GUANGZHOU, China, Aug. 9, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that it plans to release its 2024 June quarter and interim results before the U.S. market opens on Friday, August 30, 2024.The Company's management will hold an earnings conference call at 5:00 A.M. Eastern Time on Friday, August 30, 2024 (5:00 P.M. Beijing ...