MINISO Group Holding Full Year 2024 Earnings: Misses Expectations

MINISO Group Holding (NYSE:MNSO) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥17.0b (up 23% from FY 2023).
• Net income: CN¥2.62b (up 16% from FY 2023).
• Profit margin: 15% (in line with FY 2023).
• EPS: CN¥8.45 (up from CN¥7.24 in FY 2023).

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

MINISO Group Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 1.0%.

The primary driver behind last 12 months revenue was the MINISO Brand (Excluding Africa and Germany) segment contributing a total revenue of CN¥16.0b (94% of total revenue). Notably, cost of sales worth CN¥9.36b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥3.52b (70% of total expenses). Explore how MNSO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 5.8% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates MINISO Group Holding could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.