MINISO Group Holding First Quarter 2024 Earnings: Beats Expectations

MINISO Group Holding (NYSE:MNSO) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.79b (up 37% from 1Q 2023).
• Net income: CN¥612.6m (up 49% from 1Q 2023).
• Profit margin: 16% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.96 (up from CN¥1.32 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MINISO Group Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 10% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on MINISO Group Holding's balance sheet health.

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