MNSO - Why Is MINISO Stock Diving Tuesday? | Benzinga
MINISO Group Holding Limited (NYSE:MNSO) shares are trading lower after the company reported third-quarter results.
Quarterly revenue of $515.70 million missed the analyst consensus of $597.22 million. Revenues soared 26.0% Y/Y, led by a 19.3% increase in the average store count and around 9% same-store sales growth on a group level.
The third quarter’s gross profit was $223.9 million, representing an increase of 39.1% Y/Y. Gross margin was 43.4%, compared to 39.3% in the same period last year.
Adjusted net profit in the quarter under ...