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DOLLARAMA TO REPORT SECOND QUARTER FISCAL 2026 RESULTS
Prnewswire· 2025-07-29 16:25
Financial Results Announcement - Dollarama Inc. will issue its financial results for the second quarter of Fiscal 2026 on August 27, 2025, at 7:00 a.m. (ET) [1] - The results will cover the period from May 5, 2025, to August 3, 2025 [1] Conference Call Details - A conference call will be held on the same day at 10:30 a.m. (ET) to discuss the financial results [2] - Financial analysts can ask questions using a provided call link, while other interested parties can listen via a live audio webcast available on Dollarama's website [2] Company Overview - Dollarama, founded in 1992 and headquartered in Montréal, Quebec, is a recognized Canadian value retailer with 1,638 locations across Canada [4] - The company offers a broad assortment of consumable products, general merchandise, and seasonal items at fixed price points up to $5.00 [4] - Dollarama also owns a 60.1% interest in Dollarcity, a Latin American value retailer with 644 stores in Colombia, Guatemala, El Salvador, and Peru, offering products at fixed price points up to US$4.00 [5]
MINISO Group Provides Update on Chairman's Collar Transaction
Prnewswire· 2025-06-20 09:30
Core Viewpoint - MINISO Group has unwound a collar transaction involving 14,000,000 ordinary shares, indicating the chairman's confidence in the company's long-term success [2][3]. Company Overview - MINISO Group is a global value retailer that offers a variety of trendy lifestyle products featuring IP design, serving consumers through a large network of stores [4]. - The company emphasizes aesthetically pleasing design, quality, and affordability in its product portfolio, continually rolling out new products [4]. - Since its first store opening in China in 2013, MINISO has established itself as a globally recognized retail brand with a massive store network [4].
Five Below, Inc. Announces First Quarter Fiscal 2025 Financial Results
Globenewswire· 2025-06-04 20:01
Core Insights - Five Below, Inc. reported a 19.5% increase in net sales to $970.5 million for Q1 2025, with comparable sales rising by 7.1% [1][8] - The company announced a GAAP diluted EPS of $0.75 and an adjusted diluted EPS of $0.86 for the same quarter [1][8] - Five Below raised its full-year 2025 sales guidance and increased the low end of its EPS guidance range [1][8] - A transition in the CFO position was announced, with the COO taking on the interim role [5][6] Financial Performance - Net sales for Q1 2025 were $970.5 million, up from $811.9 million in Q1 2024 [8] - Operating income increased to $50.8 million from $36.2 million year-over-year [8] - Adjusted operating income rose to $59.6 million compared to $38.1 million in Q1 2024 [8] - Net income for the quarter was $41.1 million, up from $31.5 million in the prior year [8] - Adjusted net income was $47.5 million, compared to $33.0 million in Q1 2024 [8] Store Expansion - Five Below opened 55 new stores, bringing the total to 1,826 stores across 44 states, representing a 13.8% increase in store count from the previous year [8] Guidance and Outlook - For Q2 2025, the company expects net sales between $975 million and $995 million, with comparable sales projected to increase by 7% to 9% [12] - Full-year 2025 net sales are anticipated to be in the range of $4.33 billion to $4.42 billion, with a comparable sales increase of 3% to 5% [12]
MINISO Group Announces March Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-05-23 08:33
Core Viewpoint - MINISO Group reported a strong financial performance for the March Quarter of 2025, with revenue growth of 18.9% year over year, driven by improvements in same-store sales and an increase in store count, particularly in overseas markets [1][6][9]. Financial Highlights - Revenue increased to RMB4,427.0 million (US$610.1 million), up 18.9% year over year [6][11]. - Gross profit rose by 21.1% to RMB1,958.0 million (US$269.8 million), with a gross margin of 44.2%, an increase of 0.8 percentage points from the previous year [6][14]. - Adjusted EBITDA grew by 7.5% year over year to RMB1,037.3 million (US$142.9 million), with an adjusted EBITDA margin of 23.4% [6][22]. - Profit for the period was RMB416.5 million (US$57.4 million), down from RMB586.0 million in the same period last year [6][21]. Operational Highlights - The total number of stores reached 7,768, representing a year-over-year increase of 978 stores, with 70% of new stores located in overseas markets [6][7]. - The number of MINISO stores in mainland China increased to 4,275, with a net addition of 241 stores [6][8]. - Revenue from MINISO brand in overseas markets grew by 30.3%, contributing 39.0% to total revenue from the brand [12][9]. Strategic Insights - The company emphasized its commitment to product mix optimization and strategic store network refinement to achieve sustainable growth [9][10]. - Investments in directly operated stores have led to an 85.5% increase in revenue from these locations, although related expenses also rose significantly [16][18]. - The company maintained a strong cash position of RMB7,255.3 million (US$999.8 million) as of March 31, 2025, and returned approximately RMB986.9 million to shareholders year to date [10][24].
Five Below, Inc. Announces First Quarter 2025 Earnings Release and Conference Call Date
Globenewswire· 2025-05-21 20:05
Core Viewpoint - Five Below, Inc. is set to release its financial results for the first quarter of fiscal 2025 on June 4, 2025, followed by a conference call to discuss these results [1][2]. Company Overview - Five Below is a high-growth value retailer that offers trend-right, high-quality products primarily targeted at tweens and teens, with most items priced between $1 and $5, and some extreme value items priced above $5 [4][5]. - The company operates over 1,800 stores across 44 states in the U.S. and aims to provide an engaging shopping experience filled with a variety of product categories [5]. Financial Communication - A live audio webcast of the upcoming conference call will be available online, and a replay will be accessible shortly after the call concludes [2]. - Investors and analysts are encouraged to join the call by dialing in approximately 10 minutes before it starts [2].
MINISO Group Will Report March Quarter 2025 Financial Results on May 23, 2025
Prnewswire· 2025-05-13 04:05
Core Viewpoint - MINISO Group Holding Limited plans to release its financial results for the March quarter of 2025 on May 23, 2025, before the U.S. market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in an earnings conference call scheduled for 5:00 A.M. Eastern Time on May 23, 2025 [2] - The conference call will include simultaneous interpretation in English [2] - Access to the call can be made via a Zoom link or by dialing specific phone numbers [3][4] Group 2: Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design [6] - The company has established a large network of MINISO stores, providing a unique shopping experience that appeals to various demographics [6] - Since its first store opening in China in 2013, MINISO has built a globally recognized retail brand and a massive store network [6]
Five Below Announces Planned Board Chair Transition Following 2025 Annual Meeting And Raises Outlook for First Quarter of 2025
Globenewswire· 2025-05-02 12:30
Company Transition and Leadership Changes - Tom Vellios, co-founder and Executive Chair of Five Below, will transition to an advisory role and will not seek re-election to the Board at the 2025 Annual Meeting scheduled for June 12, 2025 [1][2] - Mike Devine, a current director with 12 years of experience on the Board, is expected to be appointed as the non-executive Chair, bringing substantial public company board experience [2] Business Performance and Outlook - Five Below is raising its guidance for the first quarter of fiscal 2025, expecting net sales of approximately $967 million, up from prior guidance of $905 million to $925 million [4][6] - The company anticipates opening 55 new stores in the first quarter, exceeding the previous guidance of approximately 50 new stores [6] - Comparable sales are projected to increase by approximately 6.7%, compared to earlier guidance of a flat to 2% increase [6] - Diluted income per common share is expected to be in the range of $0.69 to $0.71, significantly higher than the prior guidance of $0.44 to $0.55 [6] - Adjusted diluted income per common share is expected to be between $0.82 and $0.84, compared to the previous range of $0.50 to $0.61 [6] Company Overview - Five Below is a leading high-growth value retailer targeting pre-teens and teens, with most items priced between $1 and $5, and some items priced above $5 [7] - The company operates over 1,800 stores across 44 states, focusing on delivering trend-right, high-quality products in a fun shopping environment [7]
MINISO Group Announces Annual General Meeting on June 12, 2025, Filing of Annual Report on Form 20-F and Proposed Change of Auditors
Prnewswire· 2025-04-24 11:16
Core Viewpoint - MINISO Group Holding Limited announced its annual general meeting (AGM) scheduled for June 12, 2025, to consider proposed resolutions [1] Group 1: AGM Details - The AGM will take place at 11:00 a.m. Hong Kong time at Plaza 88, Tsuen Wan, Hong Kong [1] - Shareholders of record as of May 13, 2025, are entitled to attend and vote at the AGM [6] Group 2: Annual Reports - The Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC [2][7] - The Hong Kong annual report for the same fiscal year was also published [8] Group 3: Change of Auditors - KPMG will retire as the Company's auditors at the conclusion of the upcoming AGM [3] - The Board has proposed to appoint Ernst & Young as the new auditors, subject to shareholder approval at the AGM [4][13] - The Audit Committee recommended EY based on their experience, resources, independence, and market reputation [9] Group 4: Auditor Transition - KPMG has audited the Company's financial statements since 2019, and the Board believes that changing auditors will enhance independence and objectivity [10] - There is no disagreement between the Company and KPMG regarding their retirement [11] - The Board expressed gratitude to KPMG for their services over the years [12] Group 5: Company Overview - MINISO is a global value retailer offering trendy lifestyle products with a focus on design, quality, and affordability [14] - The Company has established a significant store network worldwide since its first store opened in China in 2013 [14]
MINISO Group Announces December Quarter and Full Year of 2024 Unaudited Financial Results
Prnewswire· 2025-03-21 08:40
Core Insights - MINISO Group reported a strong financial performance for the full year 2024, with revenue reaching RMB 16,994.0 million (US$ 2,328.2 million), representing a year-over-year increase of 22.8% [5][16] - The company achieved a record gross margin of 44.9%, up from 41.2% in 2023, driven by consistent growth over eight consecutive quarters [5][20] - MINISO's overseas store count reached a milestone of 3,000, contributing significantly to the company's growth strategy [5][9] Financial Highlights - Revenue increased by 22.8% year over year to RMB 16,994.0 million (US$ 2,328.2 million) [5][16] - Gross profit rose by 34.0% year over year to RMB 7,637.1 million (US$ 1,046.3 million) [5][19] - Operating profit increased by 17.6% year over year to RMB 3,315.8 million (US$ 454.3 million) [5][23] - Profit for the period grew by 15.9% year over year to RMB 2,635.4 million (US$ 361.1 million) [5][25] - Adjusted net profit increased by 15.4% year over year to RMB 2,720.6 million (US$ 372.7 million) [5][25] - Cash position was RMB 6,698.1 million (US$ 917.6 million) as of December 31, 2024 [5][27] Operational Highlights - The total number of stores increased by 1,219 to 7,780 as of December 31, 2024, with over 90% of new stores located in overseas markets [5][6] - The number of MINISO stores reached 7,504, with a net increase of 1,091 stores in the full year [5][6] - The number of TOP TOY stores grew to 276, with a record opening of 128 new stores [5][6] Strategic Developments - The company emphasized its globalization strategy, which has led to a compound annual growth rate of over 40% in revenue from overseas markets from 2021 to 2024 [8][9] - MINISO's revenue from overseas markets grew by 41.9% year over year, contributing 39.4% to the total revenue from the MINISO brand [8][17] - The company plans to continue optimizing store layouts and refining product assortments to enhance same-store sales growth [11] Shareholder Returns - MINISO returned RMB 1,574.5 million to shareholders in 2024 through cash dividends and share repurchases [5][10] - A final cash dividend of approximately RMB 739.4 million (US$ 101.3 million) was declared, representing about 50% of the adjusted net profit for the second half of 2024 [13][10] Future Outlook - The company is optimistic about top-line acceleration in 2025, focusing on same-store sales growth and improving sales per square meter [11] - MINISO aims to maintain a reasonable and healthy profit margin while continuing to expand its global footprint [11]
MINISO Group Will Report December Quarter and Full Year 2024 Financial Results on March 21, 2025
Prnewswire· 2025-03-07 08:57
Core Viewpoint - MINISO Group plans to release its financial results for the December quarter and the full year of 2024 on March 21, 2025, before the U.S. market opens [1] Financial Results Announcement - The earnings conference call will take place at 5:00 A.M. Eastern Time on March 21, 2025, with simultaneous interpretation in English [2] - Access to the conference call can be made via a Zoom link or by dialing specific phone numbers provided for various regions [2][3] Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design, with a focus on quality, affordability, and aesthetically pleasing design [5] - The company has established a significant store network worldwide since its first store opening in China in 2013, building the MINISO brand as a globally recognized retail name [5]