In This Article:
MINISO Group Holding (NYSE:MNSO) Full Year 2024 Results
Key Financial Results
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Revenue: CN¥17.0b (up 23% from FY 2023).
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Net income: CN¥2.62b (up 16% from FY 2023).
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Profit margin: 15% (in line with FY 2023).
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EPS: CN¥8.45 (up from CN¥7.24 in FY 2023).
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 9.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for MINISO Group Holding (1 makes us a bit uncomfortable!) that you need to be mindful of.
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