MINISO Group Holding Second Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 09/01 13:54

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

Key Financial Results

  • Revenue: CN¥4.04b (up 24% from 2Q 2023).
  • Net income: CN¥587.6m (up 9.0% from 2Q 2023).
  • Profit margin: 15% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: CN¥1.88 (up from CN¥1.72 in 2Q 2023).
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NYSE:MNSO Earnings and Revenue Growth September 1st 2024

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

MINISO Group Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for MINISO Group Holding that you should be aware of.