Stock Track | MINISO Soars on Upbeat Sales Outlook, New Product Launch

Stock Track10-23

Shares of MINISO Group Holding Limited (MNSO) surged 5.06% on Tuesday, driven by optimism over the company's sales growth prospects and the upcoming launch of its highly anticipated Harry Potter-themed product line.

According to analyst notes, MINISO is expected to report strong revenue growth in the fourth quarter, bolstered by the launch of its Harry Potter products at the end of October. The launch is anticipated to boost sales significantly, following the recent success of Harry Potter pop-up stores in China and Hong Kong.

Furthermore, MINISO's overseas markets are projected to witness a 57% year-over-year increase in sales during the fourth quarter, benefiting from the seasonally higher holiday shopping demand. Analysts at Citi also forecast a 20% rise in the company's third-quarter revenue, driven by robust overseas growth and expanding gross margins.

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