Why MINISO Shares Are Trading Higher Today
Portfolio Pulse from Shivani Kumaresan
MINISO Group Holding Limited (NYSE:MNSO) reported Q4 FY23 sales of $448.50 million, beating the analyst consensus of $434.37 million. Revenue improved 40.3% YoY and 10.1% QoQ. The company's gross profit increased 67.9% YoY and operating income increased 153.6% YoY. The number of MINISO stores increased by 592 YoY to 5,791. The company also reported adjusted earnings per ADS of $0.25, beating the consensus of $0.22. The company expects sales to continue to grow strongly YoY in the September quarter.
August 22, 2023 | 9:57 am
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POSITIVE IMPACT
MINISO's Q4 FY23 results exceeded expectations, with significant YoY growth in revenue, gross profit, and operating income. The company also beat the consensus on adjusted earnings per ADS. The company's positive outlook for the September quarter could further boost investor confidence.
MINISO's strong Q4 FY23 results and positive outlook for the next quarter are likely to have a positive impact on its stock price in the short term. The company's performance exceeded analyst expectations, which could boost investor confidence and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100