Miniso Group Holding remains a buy, driven by accelerating growth across China, overseas markets, and TOP TOY, with robust operating leverage. Q3 revenue grew 28.2% y/y to RMB5.8B, beating guidance; China SSS accelerated to low teens in October, and US revenue surged over 65% y/y. Operating margins are improving despite heavy investment, with upgraded FY27 targets: 25% CAGR and 17% net margin, supporting a path to higher multiples.
MINISO Group Holding Limited ( MNSO ) Q3 2025 Earnings Call November 21, 2025 4:00 AM EST Company Participants Guofu Ye - Founder, Chairman of the Board of Directors & CEO Eason Zhang - VP, CFO & Joint Company Secretary Conference Call Participants Michelle Cheng - Goldman Sachs Group, Inc., Research Division Hau-Yee Yan - HSBC Global Investment Research Xiaopo Wei - Citigroup Inc., Research Division Samuel Wang - UBS Investment Bank, Research Division Xiaofang Xu - Citic Securities Co., Ltd., Research Division Runbo Yang - China International Capital Corporation Limited, Research Division Di Shi - Huatai Securities Co., Ltd.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, MINISO Group Holding Limited Unsponsored ADR (MNSO) stood at $21.28, denoting a -2.7% move from the preceding trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $21.59, indicating a -2.7% shift from the previous trading day.
MINISO Group Holding Limited Unsponsored ADR (MNSO) closed the most recent trading day at $22.17, moving 1.16% from the previous trading session.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Chinese retail brand Miniso plans to spin off its pop-culture collectibles unit and separately list it in Hong Kong, seeking to replicate the success of Labubu maker Pop Mart.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I reiterate my buy rating for MNSO stock as growth accelerates across China and overseas, with strong 2Q25 results and raised guidance. China's turnaround is gaining momentum, with positive same-store sales growth and a return to net store expansion, countering saturation concerns. Overseas, MINISO is prioritizing profitable growth over scale, with improved store productivity and positive SSSG in key markets like North America.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?