The Motley Foolยท2024-03-15 21:59Core Insights - Miniso's U.S. shares increased nearly 16% following the release of its fourth-quarter earnings report, which showcased significant growth in key financial metrics [1] Financial Performance - Revenue rose 54% year over year, reaching 3.84 billion yuan ($534 million) [2] - Non-IFRS (adjusted) net income surged by 77% to just under 661 million yuan ($92 million) [2] - The company has maintained net margins in the mid-teen percentages in recent quarters [2] Expansion Strategy - Miniso's store count increased by 973 to a total of 6,413 by the end of 2023, driven by an aggressive expansion policy [2] - Revenue from company-operated stores outside of China has grown by 80% for three consecutive quarters, indicating strong international demand [3] - The company plans to open 900 to 1,100 stores annually from 2024 to 2028, targeting a compound annual growth rate of at least 20% during this period [4]