MINISO Opens its 2000th Store Outside of China
On October 1st, 2022, Chinese lifestyle retailer MINISO (NYSE: MNSO, HKEX: 9896) launched its 2000th store outside of China, bringing its signature fun, affordable, designed-led lifestyle products to Lyon, France. Marking the latest step in the brand’s global expansion since 2015, the new store is the brand’s eighteenth in France overall, in its fifth city.
MINISO’s Q2 2022 revenue increased 20.7% and international operations rose 54.9% YoY
NYSE-listed lifestyle retailer MINISO posted an adjusted net profit of US$33.6 million in Q2 2022 and an adjusted net margin of 7.7%, a record high since the COVID-19 pandemic began. In announcing its unaudited financial results for the second quarter of fiscal year 2022, the Company also reported revenue of US$435.1 million, a figure which exceeded the upper end of the Company's guidance. This result represented an increase of 20.7% year-on-year and 4.5% quarter-on-quarter.
MINISO sets foot in New York’s most expensive borough with a flagship store
Lifestyle retailer MINISO is officially welcoming customers at the prime location in SoHo, New York City, bringing its signature vibrant, fun, and quality products to residents of the Big Apple.