Miniso Group Reports Strong Revenue Growth and Global Expansion
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Miniso Group Holding Ltd. reported strong Q3 earnings with a 28.2% revenue increase to RMB5.8 billion and a 14.8% rise in adjusted operating profit. The company added 102 new stores in Mainland China and saw a 111.4% revenue increase in its TOP TOY brand. Despite a slight gross margin contraction, adjusted net profit grew by 11.7%. Miniso's global expansion, especially in North America and Europe, has driven revenue growth. The company remains optimistic about future growth and operational efficiency.
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