Shares of MINISO Group Holding Limited (MNSO), a life style products retailer in China, are rising more than 6% Tuesday morning after reporting better-than-expected second quarter results.
Profit for the second quarter increased nearly 95% year-on-year to RMB352.46 million or $52.2 million. Earnings per ADS were RMB1.12 or $0.16 compared with RMB0.60 last year.
Excluding one-time items, earnings per ADS were RMB1.16 or $0.17, that beat the average estimate of analysts polled by Thomson-Reuters of $0.13 per share.
Quarterly revenue, however, decreased 10% year-over-year to RMB2.494 billion or $361.7 million from RMB2.77 billion a year ago. The consensus estimate was for $360.86 million.
MNSO, currently at $18.11, has traded in the range of $4.45-$18.40 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.