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Jun 30, 2023
MINISO Q4 2023 Earnings Report
MINISO delivered strong Q4 2023 results with record revenue and profitability gains.
Key Takeaways
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.
Q4 revenue grew 40.3% YoY to $448.5 million.
Net income rose 162.4% YoY to $75.4 million.
Adjusted EBITDA margin expanded to 26.3%.
Strong performance in both China and overseas markets, with overseas contributing over 34% of total revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MINISO expects continued year-over-year sales growth in the September quarter, with ongoing margin optimization and strong store-level performance.
Positive Outlook
- Sales expected to grow YoY in September quarter.
- Improved store-level performance projected.
- Continued margin optimization anticipated.
- New store openings in first- and second-tier Chinese cities.
- High profitability in U.S. operations driving overseas margin gains.
Challenges Ahead
- Macroeconomic uncertainties may impact spending.
- Continued pressure from IP licensing and promotion expenses.
- Global economic cycles could affect discretionary demand.
- Currency fluctuations may influence USD results.
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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