MINISO Group Holding Q2 Adj. EPS $0.30 Beats $0.27 Estimate, Sales $541.04M Beat $530.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
MINISO Group Holding (NYSE:MNSO) reported Q2 adjusted EPS of $0.30, surpassing the $0.27 estimate, and sales of $541.04M, exceeding the $530.30M estimate. This represents a 76.47% increase in earnings and a 49.60% increase in sales compared to the same period last year.
March 12, 2024 | 5:51 am
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MINISO Group Holding reported a strong Q2 with adjusted EPS of $0.30 and sales of $541.04M, both surpassing estimates and showing significant year-over-year growth.
The positive earnings and sales beat indicate strong operational performance and market demand for MINISO's offerings. This outperformance, especially with a significant year-over-year growth in both earnings (76.47%) and sales (49.60%), is likely to instill investor confidence and could lead to a short-term uptick in MNSO's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100