MINISO Group Misses Q2 Earnings Estimates
MINISO Group (MNSO:NYSE) reported second-quarter results that fell short of market expectations. The company's Non-GAAP EPADS came in at $0.26 per share, missing estimates by $0.05. Revenue was recorded at $856.2 million, which also missed forecasts by approximately $3.01 million. Despite the earnings miss, MINISO Group showed improvement in gross profit and margin performance. Gross profit increased 19.6% year-over-year to $387.6 million, with a gross margin of 45.3%, up from 44.3%. However, adjusted operating profit declined by 14.3% to $107.7 million due to pressures below the gross-profit line. Analysts have noted concerns around capital allocation and operational performance despite some positive indicators like strong intellectual property traction.
Tickers: $MNSO
Topics: financial performance non-GAAP earnings revenue miss