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Miniso Reports Q3 Revenue Surge of 28.2% Despite Profit Decline and Shares Drop

Miniso Group Holding Ltd reported a 28.2% year-over-year revenue increase to RMB5.80 billion in the third quarter, driven by strong growth in both MINISO and TOP TOY brands. However, attributable profit declined to RMB440.5 million from RMB641.8 million the previous year, with earnings per share falling to 0.36 yuan. Adjusted operating profit and EBITDA rose, and the company expanded its global store count to 8,000. Despite these positives, shares fell over 4% following the earnings announcement.

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