MINISO Group (MNSO) Climbs 20% After Beating Growth Guidance
We recently published 10 Stocks With Eye-Popping Gains Amid Wall Street Cheer. MINISO Group Holding Ltd. (NYSE:MNSO) is one of the top performers on Friday.
MINISO Group extended its winning streak to a third straight day on Friday, soaring 20.12 percent to close at $26.63 apiece after exceeding its revenue growth guidance for the second quarter of the year.
In an updated report, MINISO Group Holding Ltd. (NYSE:MNSO) said revenues increased by 23 percent to 4.97 billion yuan from 4.03 billion yuan in the same quarter last year, beating its growth guidance range of 18 to 21 percent.
Photo by Heidi Fin on Unsplash
Additionally, all three operating segments achieved a marked sequential improvement in same-store sales growth (SSSG) during the quarter, propelling its group-level SSSG into positive territory after a mid-single digit contraction last quarter.
Net income attributable to shareholders, meanwhile, was lower by 16.7 percent to $489.7 million from $587.6 million year-on-year.
Following the results, investment firm Jefferies turned bullish for MINISO Group Holding Ltd. (NYSE:MNSO), giving the stock a “buy” recommendation versus “hold” previously. It also raised its price target to $26.2 from $18.5 before.
Additionally, MINISO Group Holding Ltd. (NYSE:MNSO) said its board of directors approved the distribution of cash dividends worth $0.2896 per ADS or $0.0724 per ordinary share, to holders of the said securities as of September 5, 2025 (New York Time).
The ex-dividend date for ordinary shareholders in Hong Kong will be on September 4, while that for ADS holders will be on September 5.
The dividends are payable on September 16, 2025, for ordinary shareholders, and on September 19 for ADS holders.
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