MNSO - Why Is MINISO Group Stock Jumping After Q2 Results? | Benzinga
MINISO Group Holding (NYSE:MNSO) shares are skyrocketing in the premarket session on Tuesday.
The company reported second-quarter adjusted earnings per ADS of 30 cents, beating the Wall Street view of 27 cents.
Quarterly revenue of $541.038 million beat the analyst consensus of $530.30 million. Revenues soared 54% year over year and 1.3% quarter over quarter.
The second quarter’s gross profit was $233.4 million, representing an increase of 66.2% year over year. Gross margin was 43.1%, compared to 40.0% in the same period last year.
Adjusted ...