NYSE$MNSO
MINISO Group Holding Limited · Q3 2024 earnings
Q3 2024 earnings · · Before market open · Investor relations
Briefing
MINISO posted record Q3 FY2024 revenue and gross margin, driven by strong overseas growth and higher profitability across key segments.
Q3 FY2024 revenue rose to $644.5 million, up 19.3% YoY. Net income reached $92.4 million, while adjusted EPS was $0.31. Gross margin hit a record 44.9%, driven by product mix and overseas expansion.
- Revenue grew 19.3% YoY to $644.5 million in Q3 FY2024.
- Gross margin reached a record 44.9%, up 3.1 pts YoY.
- Net income totaled $92.4 million; adjusted net income was $97.8 million.
- MINISO added 859 new stores YTD, approaching its full-year target.
Headline financials
Revenue & EPS history
MINISO · Revenue · Quarterly
$645M
Revenue by segment
MINISO · $5.69B total across 2 segments · Q1 2027
- MINISO Brand$5.17B—91.0%
- TOP TOY Brand$515M—9.0%
Forward guidance
MINISO expects steady revenue and margin improvement, supported by international expansion and IP-driven product strategy.
Tailwinds
- Strong revenue growth from overseas directly operated stores
- Record gross margin of 44.9%
- Expanding store network, nearing full-year target
- TOP TOY brand showing robust growth
- Efficient capital allocation with healthy cash position
Headwinds
- Lower adjusted net margin compared to last year
- Increased logistics and operating expenses
- Foreign exchange losses affecting net profit
- Higher general and admin expenses from expansion
- Reduced interest income due to lower rates and deposits
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 2024
+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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