2024

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">In a remarkable display of resilience and strategic agility, MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) concluded the <a href="https://www.prnewswire.com/news-releases/miniso-group-announces-december-quarter-2023-unaudited-financial-results-302086166.html" rel="dofollow" class="deco-link" target="_blank">December quarter of 2023</a> with financial and operational achievements that underscored its dominant position in the global retail sector. </p> 
<p>The December quarter of 2023 marked a significant period for MINISO, as the company reported an impressive revenue of RMB 3.84 billion ($541.0 million), a robust 54.0% year-over-year increase. <br><br>This growth trajectory was accompanied by a substantial rise in gross profit to RMB 1.66 billion ($233.4 million), up 66.2% year-over-year, driven by a gross margin improvement to 43.1%. Operational efficiency and strategic market expansion were evident as operating profit surged by 71.0% year-over-year to RMB 765.4 million ($107.8 million). </p> 
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<h3 id="performance-versus-expectations">Performance Versus Expectations</h3> 
<p>When juxtaposed against market expectations, MINISO’s performance in the December quarter was remarkable. MINISO exceeded revenue expectations with its $541.0 million mark and showed a substantial increase in <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">EPS</a>, indicating a stronger-than-expected operational and financial standing. This performance underscores MINISO’s ability to exceed market expectations through innovative strategies and robust growth in its domestic and international operational footprints.</p> 
<h3 id="guidance-outlook">Guidance Outlook</h3> 
<p>MINISO’s guidance reflects an ambitious yet confident outlook toward sustained growth and expansion. The company’s founder, Mr. Guofu Ye, highlighted the addition of over 1,000 net new stores globally in 2023 and expressed optimism about the company’s globalization prospects. MINISO targets to open 900-1100 net new stores annually from 2024 to 2028, aiming for a revenue compound annual growth rate of no less than 20%. <br><br>This outlook is bolstered by MINISO’s confidence in China’s economic development and commitment to becoming the world’s No.1 IP design retail group.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/miniso-triumphs-with-54-year-over-year-revenue-surge-in-q4/">MINISO Triumphs with 54% Year-over-Year Revenue Surge in Q4</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

MINISO Triumphs with 54% Year-over-Year Revenue Surge in Q4

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