MINISO Group Holding Limited (MNSO) Earnings Call Transcripts

MINISO Group Holding Limited's Latest Earnings Call - Q1 FY2026

In the March quarter of 2026, MINISO Group reported revenue of RMB 5.7 billion, reflecting a robust 28.5% year-over-year growth, exceeding prior guidance. Adjusted net profit reached RMB 630 million, an 8% increase, while operating cash flow surged by 40%. Management maintained a positive outlook for the remainder of the year, projecting high double-digit revenue growth and continued enhancements in same-store sales, particularly in China and North America.

Reported metrics

Guidance from management

Management expects high double-digit revenue growth for the full year 2026, with same-store sales growth continuing in China and North America. They aim for 450 to 500 net new store openings while maintaining a focus on profitability and operational efficiency.

What analysts pressed on

Analysts expressed concerns about the impact of rising crude oil prices and inflation on consumer behavior and pricing strategies. There were also inquiries regarding the sustainability of same-store sales growth in the face of macroeconomic challenges.

Main topics on the call

• Strong Revenue Growth — MINISO's revenue grew by 28.5% to RMB 5.7 billion, surpassing previous guidance of 25%. CEO Jack Ye noted, "This was the first year-over-year growth rate in the past 9 quarters," indicating a strong recovery in the China...
• Membership Contribution Increase — Membership sales accounted for 73% of total sales in Q1, up from 60% previously. This shift highlights the effectiveness of MINISO's membership strategy, which is expected to drive repeat purchases and enhance customer l...
• International Market Updates — Management provided insights on Indonesia and North America, indicating solid performance in Indonesia and a positive outlook for the U.S. market. Ye stated, "The most difficult time is already done" in Indonesia, signal...
• Store Expansion Strategy — MINISO plans to open 450 to 500 new stores in 2026, with a focus on larger format stores. This strategy aims to enhance customer experience and drive higher sales volumes, as indicated by the CEO's comments on franchisee...

Read the full MINISO Group Holding Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 MINISO Group Holding Limited earnings call transcripts on record, spanning February 25, 2021 to May 26, 2026. Based on this history, MINISO Group Holding Limited reports quarterly. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MNSO

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Broadline Retail

Calls on record

22

First call

February 25, 2021

Most recent

May 26, 2026

Reporting cadence

quarterly