The Chinese retailer posted an estimates-trouncing quarter.

A strong quarterly earnings report was the rocket fuel sending Miniso 's ( MNSO 20.12% ) American Depositary Shares (ADSs) more than 20% higher as the trading week came to a close Friday. The Chinese toy and home goods retailer notched convincing beats on both the top and bottom lines for the period, hence the excitement. By contrast, the S&P 500 index only managed a 1.5% gain.

Not so mini these days

In its second quarter, Miniso saw its revenue surge by 23% to just under 4.97 billion yuan ($692 million), which topped even the most optimistic internal forecast. That was on the back of improvements in same-store gross merchandise value (SSSG) growth, an important metric for the company; all three of its operating seg

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