MINISO Group Holding (NYSE:MNSO) has announced its financial results for the quarter ended June 30, reporting adjusted earnings of CNY2.02 per share, surpassing the mean analyst expectation of CNY1.99 per share.
Analysts had anticipated earnings to range between CNY1.80 and CNY2.07 per share.
The company's revenue for the quarter reached CNY4.04 billion, slightly above the analysts' forecast of CNY4.03 billion.
While the reported earnings per share (EPS) came in at CNY1.88, MINISO Group Holding reported a net income of $587.63 million for the quarter.
Despite the positive earnings, MINISO's share price has faced challenges, with shares declining by 14.4% this quarter and showing an 18.8% loss year-to-date.