Miniso Group Holding Ltd. is set to release its June quarter earnings before the market opens on Friday, with analysts projecting a 22.6% year-over-year increase in earnings per share to 1.95 yuan and a 16.9% rise in revenue to 5.81 billion yuan.
The company, which operates a global network of lifestyle retail stores, reported earnings of 1.8 yuan per share in the March quarter, beating analyst estimates by 10.4%, while revenue of 5.69 billion yuan exceeded forecasts by 2.5%. The stock closed at $11.42 on Thursday, well below its 52-week high of $25.92 and just above the 52-week low of $10.64.
Analysts remain bullish on Miniso, with 17 out of 17 tracked by Reuters assigning a strong buy rating and setting a mean price target of $19.07, implying a 67% upside from the prior session’s close. The retailer has accelerated its global expansion, opening new stores in Poland, Switzerland, and other European markets during the summer. Management has maintained its target of adding 450 to 500 net new locations in 2024, with a significant portion of capital allocated to North America and Europe.
Miniso also launched a HK$2 billion share repurchase program in late June, signaling confidence in its financial position and growth trajectory amid a challenging retail environment.
