MNSO - Low-Cost Retailer MINISO Q1: Revenue Jumps 36.7% Surpasses 6000 Stores For The First Time & More | Benzinga
MINISO Group Holding Limited (NYSE: MNSO) reported first-quarter FY24 revenue of RMB3.79 billion, up 36.7% year over year and 16.6% quarter over quarter.
Revenue from China increased 34.7% Y/Y to RMB2.49 billion ($342.1 million).
Gross profit increased 60.2% Y/Y to RMB1.58 billion ($217.1 million). The gross margin was 41.8% versus 35.7% last year.
Operating income for the quarter was RMB 788.3 million ($108 million), representing an increase of 54.7% year over year.
Adjusted EBITDA for ...