NYSE$MNSO
MINISO Group Holding Limited · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
MINISO reported strong performance in Q4 FY2024 with record revenue, gross margin, and global store expansion.
In Q4 FY2024, revenue reached $645.6 million, driven by growth in both China and overseas markets. Net income hit $110.9 million, while adjusted EPS was $0.35. Gross margin reached a record 47.0%.
- Revenue grew to $645.6 million in Q4 FY2024, up 22.7% YoY.
- Net income reached $110.9 million, a 27.0% YoY increase.
- Gross margin hit a record 47.0%, up 3.9 pts YoY.
- Adjusted EPS came in at $0.35 per ADS.
Headline financials
Revenue & EPS history
MINISO · Revenue · Quarterly
$646M
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 accelerated top-line growth in 2025, supported by store optimization, product innovation, and disciplined spending.
Tailwinds
- Strong momentum in overseas revenue growth
- Record-high gross margin achieved
- Expansion into new international markets
- IP product innovation driving demand
- Improved store layouts and sales per square meter expected
Headwinds
- Increased finance costs impacting net margin
- Higher logistics expenses from international shipping
- Rising general and administrative costs
- Foreign exchange risks remain a factor
- Macroeconomic uncertainty in core regions
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro