MINISO Earnings Reports

MINISO delivered a solid quarter with 23.1% revenue growth, driven by record-high performance from its TOP TOY brand. Adjusted EPS and net income remained strong despite a dip in GAAP earnings due to non-operating losses.

Revenue grew to $610.1 million, driven by a 16.5% increase in MINISO brand sales and strong growth from TOP TOY. Net income was $57.4 million, and gross margin improved to 44.2%.

The company has not released its Q3 FY2025 earnings report, so financial data is currently unavailable.

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%.

Q3 FY2024 revenue rose to $644.5 million, up 19.3% YoY. Net income reached $92.4 million, while adjusted EPS was $0.31. Gross margin hit a record 44.9%, driven by product mix and overseas expansion.

Revenue rose to $555.3 million in Q2 FY2024, with gross margin hitting a record 43.9%. Net income reached $81.4 million and adjusted EPS came in at $0.28, driven by growth across both domestic and international markets.

Revenue reached $515.7 million in Q1 FY2024, up 26% YoY. Net income was $81.2 million, and adjusted EPS was $0.27. Gross margin improved to 43.4%, boosted by higher overseas contribution and TOP TOY performance.

MINISO achieved significant year-over-year and sequential growth in revenue, net income, and operating profit in Q4 2023. Revenue rose by over 40% to $448.5 million, driven by strong performance both in China and overseas. Gross and EBITDA margins also expanded notably, and adjusted net income more than doubled.

MINISO delivered a record-breaking March quarter, with revenues reaching $430.2 million and net income of $68.6 million. Gross margin expanded to 39.3% and adjusted EBITDA hit $102.9 million. Overseas markets contributed significantly to growth.