From Yahoo Finance: 2025-05-23 13:13:00

MINISO Group (NYSE:MNSO) shares drop after reporting first-quarter results. Earnings per share down to 26 cents from 27 cents last year, with sales of $610.06 million missing estimates. Gross profit up 21.1% to $269.8 million, with gross margin at 44.2%.

Adjusted net margin at 13.3%, adjusted EBITDA up 7.5% year over year. Total stores reach 7,768, with 858 new MINISO locations year over year. Founder and CEO Guofu Ye remains confident in facing economic challenges.

CFO Eason Zhang emphasizes disciplined cost control and growth balance. MNSO shares down 19.1% to $17.85. Stay updated on market trends with Benzinga Edge’s unique insights for competitive trading advantage.

Read more: What’s Going On With MINISO Group Stock On Friday?