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Mar 31, 2023
MINISO Q3 2023 Earnings Report
MINISO reported strong performance in Q3 2023 with record net income and margins.
Key Takeaways
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.
Revenue rose to $430200000, up 26.2% YoY
Net income increased over 400% YoY to $68600000
Adjusted EBITDA reached $102900000, with a 23.9% margin
Strong international performance, especially in the U.S. market
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MINISO expects strong continued growth in sales and margins, supported by store expansion and product optimization.
Positive Outlook
- Sales expected to grow year-over-year in June quarter
- Improved store-level performance anticipated
- Continued expansion of store network
- Strong momentum in overseas markets, especially the U.S.
- Ongoing brand upgrade strategy contributing to margins
Challenges Ahead
- Challenging macroeconomic environment
- Logistics and cost inflation risk
- Dependence on consumer confidence in China
- Potential FX impact due to global operations
- Competitive pressures in retail sector
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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