MINISO Group Holding Q1 Adj EPS $0.28 Beats $0.25 Estimate, Sales $519.62M Beat $504.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
MINISO Group Holding (NYSE:MNSO) surpassed analyst expectations for Q1 with an adjusted EPS of $0.28, beating the estimate of $0.25 by 12%. Year-over-year, this represents a 47.37% increase from $0.19 per share. Sales reached $519.62M, exceeding estimates of $504.55M by 2.99% and marking a 33.32% increase from the previous year's $389.74M.
November 21, 2023 | 7:40 am
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MINISO Group Holding reported a strong Q1 with EPS and sales surpassing analyst estimates, indicating robust year-over-year growth.
The positive earnings and sales beat for MINISO Group Holding suggest a strong financial performance, which typically leads to a positive short-term impact on the stock price. The significant year-over-year growth in both earnings and sales further reinforces the positive outlook, making it likely that the stock will experience upward momentum in response to the news.
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IMPORTANCE 90
RELEVANCE 100