Like Action, Miniso closes the 2024 financial year with a 23% increase in turnover

During the financial year ending at the end of December 2024, the Chinese company Miniso reported, on March 21, an unaudited turnover of US$2.33 billion (up by 22.8%, after an increase of 14% in 2023). The low-price goods and accessories brand has 7,780 stores (4,386 in China, 3,118 internationally and 276 for the Top Toy brand). With an operating profit of US$454 million, the operating margin ratio fell by 0.9 point to 19.5%. The same is true for the net profit of US$361 million, which...