MINISO Group Holding Limited (MNSO) CYQ2 2024 Earnings Call Transcript Summary
Miniso's performance in the first half of the year exceeded expectations and will repurchase up to 2 billion Hong Kong dollars worth of shares | Financial report news.
The management of the company is confident in the company's business prospects and believes that the current stock price is below its intrinsic value. Good performance has driven Miniso's US stocks to open with a significant increase of 10%, but the gain was later reversed.
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Earnings Call Summary | MINISO(MNSO.US) Q1 2024 Earnings Conference
Mingchuang Premium's Q1 revenue reached a record high, and the speed of store expansion reached the fastest quarter|Financial News
On the afternoon of May 14, Mingchuang Premium Group announced financial results for the first quarter of 2024. The data shows that this is the Q1 where Mingchuang Premium's revenue reached a record high and stores expanded the fastest. The company went overseas smoothly. Overseas market revenue increased 53% year over year, exceeding the company's most optimistic expectations and setting a new record for the first quarter. Among them, overseas direct management grew by more than 80% for four consecutive quarters. Furthermore, the TOP TOY brand has been profitable for two consecutive quarters. Financial data shows that in the first quarter, the company's total revenue increased 26% year on year to 3.72 billion yuan, up 26% year on year; gross profit margin was 43.4%, compared to last year
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