MINISO Reports Q1 Revenue of RMB 5.688B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 26 2026
0mins
Reports Q1 revenue RMB5.688B vs. RMB4.427B last year. Guofu Ye, Founder, Chairman and CEO of MINISO, commented, "Revenue on group level grew by 28.5% YoY, kicking off 2026 by outperforming our previous expectation. MINISO Chinese mainland achieved a 29.6% YoY revenue growth in 26Q1, delivering a fifth consecutive quarter of acceleration since March quarter of 2025, powered by its another solid high-single digit SSSG. Revenue from MINISO overseas grew by 21.9%, powered by low-single digit SSSG. By deepening our glocalization moat in integrating local talent, tailoring product offerings and optimizing regional execution, as well as maintaining rigorous operational discipline, we are unleashing growth momentum from our overseas markets. TOP TOY recorded a 51.4% YoY revenue growth in 26Q1, sustaining its robust growth momentum in pop toy industry."
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Analyst Views on MNSO
Wall Street analysts forecast MNSO stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.320
Low
23.00
Averages
25.33
High
27.00
Current: 12.320
Low
23.00
Averages
25.33
High
27.00
About MNSO
MINISO Group Holding Ltd is an investment holding company primarily engaged in the design, retail and wholesale of lifestyle products and toys. The brands include MINISO and TOP TOY. The MINISO brand primarily provides various lifestyle products, covering home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, as well as stationery and gifts. The TOP TOY brand primarily provides toys, including blind boxes, toy bricks, model figures, three dimensional (3D) building blocks and collectible dolls. The Company primarily operates its businesses in the domestic market and overseas markets, including other parts of Asia, America and Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MINISO Group's Annual Meeting Resolutions Approved
- Successful Shareholder Meeting: MINISO Group held its annual general meeting on June 18, 2026, in Hong Kong, where all proposed resolutions were approved, reflecting shareholder confidence and support for the company's future growth.
- Brand Development Journey: Since opening its first store in mainland China in 2013, MINISO has successfully established two brands, 'MINISO' and 'TOP TOY', showcasing its rapid growth potential in the global retail market.
- Product Diversity: MINISO offers a wide range of lifestyle products featuring distinctive IP designs that attract consumers and meet diverse consumer needs, further solidifying its competitive position in the global market.
- Global Retail Network: The flagship brand 'MINISO' has grown into a globally recognized retail brand, providing a frequently refreshed assortment of products through an extensive store network, enhancing the brand's market influence.
See More
MINISO Shareholder Resolutions Approved at AGM
- Successful AGM: MINISO Group held its annual general meeting in Hong Kong on June 18, 2026, where all proposed resolutions were approved, reflecting shareholder confidence and support for the company's future direction.
- Brand Development: Since opening its first store in mainland China in 2013, MINISO has successfully established two brands, 'MINISO' and 'TOP TOY', showcasing its rapid growth potential in the global retail market.
- Product Diversity: MINISO attracts consumers with its unique IP designs and trendy lifestyle products, covering a wide range of needs while emphasizing high quality and affordability, further solidifying its market position.
- Global Retail Network: Through an extensive store network, MINISO continuously refreshes its product offerings, evolving into a globally recognized retail brand that demonstrates adaptability and competitive advantage in a rapidly changing market environment.
See More
MINISO Stock Enters Oversold Territory
- Oversold Indicator Analysis: MINISO's Relative Strength Index (RSI) has dropped to 28.8, below the oversold threshold of 30, indicating that recent selling pressure may be nearing exhaustion, attracting investor interest.
- Increased Dividend Yield: With a current share price of $12.32, MINISO's annualized dividend of $0.75 translates to an annual yield of 6.09%, providing a more attractive investment opportunity for dividend investors.
- Market Comparison Analysis: Compared to the average RSI of 49.3 for dividend stocks covered by Dividend Channel, MINISO's significantly lower RSI suggests its stock price may be undervalued, potentially drawing in more buyers.
- Investor Sentiment Shift: Although dividends are not always predictable, investors can assess MINISO's dividend history to gauge its future dividend payment capability, enabling more informed investment decisions.
See More
MINISO Group Reports Q1 2026 Earnings Exceeding Expectations
- Significant Revenue Growth: MINISO's revenue for Q1 2026 reached nearly RMB 5.7 billion, growing by 28.5% and exceeding the high end of previous guidance, indicating strong market performance and growth potential.
- Store Expansion and Sales Increase: The addition of 318 stores in China, despite less than 10% growth, resulted in a 25% increase in offline store GMV, demonstrating positive progress in optimizing the offline retail experience.
- Strong New Product Performance: YOYO surpassed RMB 100 million in sales within six months of launch, reflecting robust market acceptance and consumer demand, further driving overall revenue growth for the company.
- Optimistic Future Outlook: Management expects high double-digit revenue growth for the full year of 2026, with net store additions projected between 450 and 500, showcasing the company's confidence and strategic planning for future market expansion.
See More
MINISO Reports Significant Growth in Earnings, Strong International Market Performance
- Significant Revenue Growth: MINISO Group reported Q1 2026 revenue of RMB 5.7 billion, reflecting a 28.5% year-over-year increase that exceeded high-end guidance, indicating strong market performance.
- Adjusted Net Profit Increase: The company achieved an adjusted net profit of RMB 630 million, up 8%, while operating cash flow surged by 40%, demonstrating effective cost control and cash management strategies.
- International Market Expansion: Top toy revenue grew by 51.4% to RMB 510 million, with overseas revenue increasing by 22%, showcasing MINISO's successful expansion and enhanced brand presence in international markets.
- Store Upgrade Strategy Effectiveness: The company renovated approximately 80 stores, resulting in a 50% increase in average daily sales, and plans to renovate over 300 stores in 2026, further enhancing franchisee profitability and market competitiveness.
See More
MINISO Group Q1 Earnings Report Analysis
- Earnings Performance: MINISO Group reported a Q1 non-GAAP EPS of $0.26, missing expectations by $0.04, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $824.6 million in Q1, a 28.5% year-over-year increase, exceeding market expectations by $10.83 million, demonstrating strong demand and sales growth for the brand.
- Store Expansion: As of March 31, 2026, MINISO's total store count reached 8,565, representing a net increase of 797 stores year-over-year, showcasing the company's strategic commitment to expansion and enhancing market coverage.
- Cash Flow Status: The net cash from operating activities for Q1 was RMB 365.2 million (approximately $52.9 million), with free cash flow at RMB 94.6 million (approximately $13.7 million), reflecting the company's robust performance in capital expenditure and cash management.
See More
MINISO Group's Annual Meeting Resolutions Approved
- Successful Shareholder Meeting: MINISO Group held its annual general meeting on June 18, 2026, in Hong Kong, where all proposed resolutions were approved, reflecting shareholder confidence and support for the company's future growth.
- Brand Development Journey: Since opening its first store in mainland China in 2013, MINISO has successfully established two brands, 'MINISO' and 'TOP TOY', showcasing its rapid growth potential in the global retail market.
- Product Diversity: MINISO offers a wide range of lifestyle products featuring distinctive IP designs that attract consumers and meet diverse consumer needs, further solidifying its competitive position in the global market.
- Global Retail Network: The flagship brand 'MINISO' has grown into a globally recognized retail brand, providing a frequently refreshed assortment of products through an extensive store network, enhancing the brand's market influence.
See More
MINISO Shareholder Resolutions Approved at AGM
- Successful AGM: MINISO Group held its annual general meeting in Hong Kong on June 18, 2026, where all proposed resolutions were approved, reflecting shareholder confidence and support for the company's future direction.
- Brand Development: Since opening its first store in mainland China in 2013, MINISO has successfully established two brands, 'MINISO' and 'TOP TOY', showcasing its rapid growth potential in the global retail market.
- Product Diversity: MINISO attracts consumers with its unique IP designs and trendy lifestyle products, covering a wide range of needs while emphasizing high quality and affordability, further solidifying its market position.
- Global Retail Network: Through an extensive store network, MINISO continuously refreshes its product offerings, evolving into a globally recognized retail brand that demonstrates adaptability and competitive advantage in a rapidly changing market environment.
See More
MINISO Stock Enters Oversold Territory
- Oversold Indicator Analysis: MINISO's Relative Strength Index (RSI) has dropped to 28.8, below the oversold threshold of 30, indicating that recent selling pressure may be nearing exhaustion, attracting investor interest.
- Increased Dividend Yield: With a current share price of $12.32, MINISO's annualized dividend of $0.75 translates to an annual yield of 6.09%, providing a more attractive investment opportunity for dividend investors.
- Market Comparison Analysis: Compared to the average RSI of 49.3 for dividend stocks covered by Dividend Channel, MINISO's significantly lower RSI suggests its stock price may be undervalued, potentially drawing in more buyers.
- Investor Sentiment Shift: Although dividends are not always predictable, investors can assess MINISO's dividend history to gauge its future dividend payment capability, enabling more informed investment decisions.
See More
MINISO Group Reports Q1 2026 Earnings Exceeding Expectations
- Significant Revenue Growth: MINISO's revenue for Q1 2026 reached nearly RMB 5.7 billion, growing by 28.5% and exceeding the high end of previous guidance, indicating strong market performance and growth potential.
- Store Expansion and Sales Increase: The addition of 318 stores in China, despite less than 10% growth, resulted in a 25% increase in offline store GMV, demonstrating positive progress in optimizing the offline retail experience.
- Strong New Product Performance: YOYO surpassed RMB 100 million in sales within six months of launch, reflecting robust market acceptance and consumer demand, further driving overall revenue growth for the company.
- Optimistic Future Outlook: Management expects high double-digit revenue growth for the full year of 2026, with net store additions projected between 450 and 500, showcasing the company's confidence and strategic planning for future market expansion.
See More
MINISO Reports Significant Growth in Earnings, Strong International Market Performance
- Significant Revenue Growth: MINISO Group reported Q1 2026 revenue of RMB 5.7 billion, reflecting a 28.5% year-over-year increase that exceeded high-end guidance, indicating strong market performance.
- Adjusted Net Profit Increase: The company achieved an adjusted net profit of RMB 630 million, up 8%, while operating cash flow surged by 40%, demonstrating effective cost control and cash management strategies.
- International Market Expansion: Top toy revenue grew by 51.4% to RMB 510 million, with overseas revenue increasing by 22%, showcasing MINISO's successful expansion and enhanced brand presence in international markets.
- Store Upgrade Strategy Effectiveness: The company renovated approximately 80 stores, resulting in a 50% increase in average daily sales, and plans to renovate over 300 stores in 2026, further enhancing franchisee profitability and market competitiveness.
See More
MINISO Group Q1 Earnings Report Analysis
- Earnings Performance: MINISO Group reported a Q1 non-GAAP EPS of $0.26, missing expectations by $0.04, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $824.6 million in Q1, a 28.5% year-over-year increase, exceeding market expectations by $10.83 million, demonstrating strong demand and sales growth for the brand.
- Store Expansion: As of March 31, 2026, MINISO's total store count reached 8,565, representing a net increase of 797 stores year-over-year, showcasing the company's strategic commitment to expansion and enhancing market coverage.
- Cash Flow Status: The net cash from operating activities for Q1 was RMB 365.2 million (approximately $52.9 million), with free cash flow at RMB 94.6 million (approximately $13.7 million), reflecting the company's robust performance in capital expenditure and cash management.
See More
