NYSE$MNSO
MINISO Group Holding Limited · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
MINISO reported strong performance in Q3 2023 with record net income and margins.
MINISO delivered a record-breaking March quarter, with revenues reaching $430.2 million and net income of $68.6 million. Gross margin expanded to 39.3% and adjusted EBITDA hit $102.9 million. Overseas markets contributed significantly to growth.
- Revenue rose to $430200000, up 26.2% YoY
- Net income increased over 400% YoY to $68600000
- Adjusted EBITDA reached $102900000, with a 23.9% margin
- Strong international performance, especially in the U.S. market
Headline financials
Revenue & EPS history
MINISO · Revenue · Quarterly
$430M
Revenue by segment
MINISO · $311M total across 2 segments · Q3 2023
- MINISO Brand$291M+18.8%93.6%
- TOP TOY Brand$20M+25.0%6.4%
Forward guidance
MINISO expects strong continued growth in sales and margins, supported by store expansion and product optimization.
Tailwinds
- Sales expected to grow year-over-year in June quarter
- Improved store-level performance anticipated
- Continued expansion of store network
- Strong momentum in overseas markets, especially the U.S.
- Ongoing brand upgrade strategy contributing to margins
Headwinds
- Challenging macroeconomic environment
- Logistics and cost inflation risk
- Dependence on consumer confidence in China
- Potential FX impact due to global operations
- Competitive pressures in retail sector
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q3 2023
+6.2%
Avg return
Earnings day
+6.2%
Avg return
5 days after
+4.8%
Avg return
30 days after
69%
11 / 16 earnings
Positive
+54.7%
Q1 2023
Best reaction
-12.8%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q3 2026 | -1.9% | +4.6% | -3.6% | |
| Q2 2025 | +5.7% | -6.6% | -4.7% | |
| Q4 2024 | -8.9% | -9.7% | -24.8% | |
| Q3 2024 | +8.2% | +28.0% | +30.1% | |
| Q4 2023 | +14.5% | +11.1% | +23.5% | |
| Q3 2023 | +1.0% | -7.0% | +2.8% | |
| Q2 2023 | +6.8% | +13.6% | +2.6% | |
| Q1 2023 | +54.7% | +38.0% | +61.1% | |
| Q4 2022 | +10.3% | +6.2% | -24.6% | |
| Q3 2022 | +7.9% | +3.6% | +65.2% | |
| Q2 2022 | +4.8% | -1.7% | -6.9% | |
| Q1 2022 | -12.8% | -16.8% | -38.8% | |
| Q4 2021 | -5.4% | +2.9% | +0.2% | |
| Q3 2021 | +3.9% | +9.5% | +0.4% | |
| Q2 2020 | -5.1% | +1.8% | -23.4% | |
| Q1 2020 | +15.1% | +22.1% | +18.1% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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