MINISO Group Holding Second Quarter 2024 Earnings: EPS: CN¥2.04 (vs CN¥1.12 in 2Q 2023)

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

Key Financial Results

• Revenue: CN¥3.84b (up 54% from 2Q 2023).
• Net income: CN¥635.8m (up 80% from 2Q 2023).
• Profit margin: 17% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥2.04 (up from CN¥1.12 in 2Q 2023).

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

MINISO Group Holding Earnings Insights

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 up 9.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of MINISO Group Holding's balance sheet and an in-depth analysis of the company's financial position.

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