Core Viewpoint - Miniso (MNSO.US) shares surged over 8% pre-market, reaching $23.98, while its H-shares rose over 20.5% to HKD 47.1, marking a new high since January this year [1] Financial Performance - For Q2, Miniso reported total revenue of RMB 4.97 billion, a year-on-year increase of 23.1% [1] - Adjusted net profit (Non-IFRS) for the same period was RMB 690 million, reflecting a year-on-year growth of 10.6% [1] - Gross margin improved by 40 basis points to 44.3% compared to the previous year [1] Sales Growth - The strategy of "opening good stores and large stores" has shown significant results, with notable improvements in same-store sales both in mainland China and overseas [1] - The group achieved positive same-store sales growth, indicating a recovery trend [1] Analyst Ratings - UBS reported that same-store sales growth for Miniso is accelerating in both China and the U.S., driven by a low base effect and strong demand for plush toys [1] - UBS raised its target price for Miniso from $25 to $28, maintaining a "Buy" rating [1] - Bank of America noted that Miniso's Q2 performance exceeded expectations, increasing its H-share target price from HKD 32 to HKD 46.9, upgrading its rating from "Underperform" to "Neutral" [1]
美股异动｜名创优品盘前涨超8%，Q2业绩超预期，绩后获瑞银看高至28美元