MINISO Group Reiterated FY24 Revenue Growth Of 20%-30% YoY
Portfolio Pulse from Benzinga Newsdesk
MINISO Group has reiterated its FY24 revenue growth target of 20%-30% YoY, with a strong performance in the first half of 2024. The company reported a 43.7% gross margin and an 18% increase in adjusted net profit, despite being in an investment stage overseas.
August 30, 2024 | 8:38 am
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MINISO Group has reiterated its FY24 revenue growth target of 20%-30% YoY. The company achieved a 43.7% gross margin and an 18% increase in adjusted net profit in the first half of 2024, indicating strong financial health and effective cost control.
MINISO's reaffirmation of its revenue growth target and strong financial performance in the first half of 2024, including a significant increase in gross margin and net profit, are positive indicators for investors. The company's effective cost control and profitability despite overseas investments suggest a likely positive impact on its stock price.
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