NYSE$MNSO
MINISO Group Holding Limited · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
MINISO delivered strong Q4 2023 results with record revenue and profitability gains.
MINISO achieved significant year-over-year and sequential growth in revenue, net income, and operating profit in Q4 2023. Revenue rose by over 40% to $448.5 million, driven by strong performance both in China and overseas. Gross and EBITDA margins also expanded notably, and adjusted net income more than doubled.
- Q4 revenue grew 40.3% YoY to $448.5 million.
- Net income rose 162.4% YoY to $75.4 million.
- Adjusted EBITDA margin expanded to 26.3%.
- Strong performance in both China and overseas markets, with overseas contributing over 34% of total revenue.
Headline financials
Revenue & EPS history
MINISO · Revenue · Quarterly
$449M
Revenue by segment
MINISO · $293M total across 2 segments · Q4 2023
- MINISO Brand$269M+38.7%91.8%
- TOP TOY Brand$24M+84.6%8.2%
Forward guidance
MINISO expects continued year-over-year sales growth in the September quarter, with ongoing margin optimization and strong store-level performance.
Tailwinds
- Sales expected to grow YoY in September quarter.
- Improved store-level performance projected.
- Continued margin optimization anticipated.
- New store openings in first- and second-tier Chinese cities.
- High profitability in U.S. operations driving overseas margin gains.
Headwinds
- Macroeconomic uncertainties may impact spending.
- Continued pressure from IP licensing and promotion expenses.
- Global economic cycles could affect discretionary demand.
- Currency fluctuations may influence USD results.
- Costs associated with global expansion remain a factor.
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 Q4 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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