Why Miniso Stock Skyrocketed by 20% on Friday

The Chinese retailer posted an estimates-trouncing quarter.A strong quarterly earnings report was the rocket fuel sending Miniso's (MNSO 20.25%) American Depositary Shares (ADSs) more than 20% higher as the trading week came to a close Friday. The Chinese toy and home goods retailer notched convincing beats on both the top and bottom lines for the period, hence the excitement. By contrast, the S&P 500 index only managed a 1.5% gain. Not so mini these daysIn its second quarter, Miniso saw its revenue surge b ...