MINISO Group Holding Limited9896
▼ NegativeCapitalrelevance
Q2 earnings miss and adjusted operating profit decline
Impact on stocks 1
Consumer Discretionary
MINISO Group Holding LimitedMINISO Group Holding reported second-quarter non-GAAP earnings per ADS of $0.26, missing analyst estimates by $0.05, while revenue of $856.2 million fell short by $3.01 million. Gross profit rose 19.6% to $387.6 million, with gross margin improving to 45.3% from 44.3%, but adjusted operating profit declined 14.3% to $107.7 million, reflecting pressure below the gross-profit line.
MINISO Group Holding LimitedQ2 earnings miss and adjusted operating profit decline