10:59 AM EDT, 05/23/2025 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

MINISO Group ( MNSO ) shares were falling past 18% in recent Friday trading after it reported Q1 adjusted earnings that decreased year on year and missed the forecast of one analyst polled by FactSet.

The company reported Q1 adjusted earnings Friday of 1.88 Chinese renminbi ($0.26) per diluted American depositary share, down from 1.96 renminbi a year earlier. One analyst polled by FactSet expected 1.97 renminbi.

Revenue for the quarter ended March 31 was 4.43 billion renminbi, up from 3.72 billion renminbi a year earlier. Analysts surveyed by FactSet expected 4.37 billion renminbi.

Price: 18.07, Change: -4.12, Percent Change: -18.57