Brief: Miniso Group Reports Q2 Revenue Fell 10 Percent To RMB 2.494 Billion

MINISO Holding

28/02/2023 06:29

Feb 28 (Reuters) - MINISO Group Holding Ltd  9896.HK :
    * MINISO GROUP ANNOUNCES DECEMBER QUARTER 2022 FINANCIAL
RESULTS
    * MINISO GROUP HOLDING LTD Q2 REVENUE FELL 10 PERCENT TO RMB
2.494
BILLION
    * MINISO GROUP HOLDING LTD - QTRLY BASIC AND DILUTED
EARNINGS PER
AMERICAN DEPOSITARY SHARE WERE RMB1.12 (US$0.16)
    * MINISO - NUMBER OF MINISO STORES WAS 5,440 AS OF DECEMBER
31,
2022, INCREASING BY 395 STORES YEAR OVER YEAR AND 144 STORES
QUARTER OVER QUARTER
    * MINISO GROUP HOLDING LTD - QTRLY ADJUSTED BASIC AND
DILUTED NET
EARNINGS PER ADS WERE BOTH RMB1.16 (US$0.17)
    * MINISO GROUP-THIS QUARTER'S NEW WAVE OF PANDEMIC OUTBREAK
IN
CHINA CAUSED DISRUPTIONS TO OPERATION OF OUR LOGISTICS,
TRANSPORTATION SERVICE PROVIDERS
    * MINISO GROUP ON IMPACT OF COVID-19 SAYS MANY ECOMMERCE
ORDERS
DURING DOUBLE 11 ONLINE SHOPPING FESTIVAL WERE CANCELLED DUE TO
DELAYED PRODUCT SHIPMENT
    * MINISO GROUP HOLDING - BASED ON THE CO'S ESTIMATION, TOTAL
FOOT
TRAFFIC OFFLINE STORES DECREASED BY 27%, 36% AND 34% IN EACH OF
OCT., NOV., DEC.
    * MINISO-NUMBER OF MINISO STORES IN CHINA WAS 3,325 AS OF
DECEMBER
31, 2022, INCREASING BY 157 STORES YEAR OVER YEAR AND 56 STORES
QUARTER OVER QUARTER
    * MINISO GROUP HOLDING - NUMBER OF MINISO STORES THAT WERE
TEMPORARILY CLOSED PEAKED AT OVER 950 IN LATE NOVEMBER
    * MINISO-AVERAGE SALES PER STORE IN JAN INCREASE BY AROUND
33%
Y-O-Y, AROUND 18% IN 7-DAY CHINESE NEW YEAR HOLIDAY SEASON
COMPARED TO SAME PERIOD OF 2022

Source text for Eikon:  ID:nPnbCvPx8a 
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