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China drinks chain Mixue profits spike 40% in 2024

Summary by ABC FOX Montana

Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.

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The Standard

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Mixue's earnings growth slows

Themis Qi Mixue Group's (2097) net profit increased by 39.8 percent to 4.45 billion yuan (HK$4.76 billion) last year, slowing from one year ago amid the intensified competition in the freshly-made drinks market. The growth of earnings from 2022 to 2023 was 58.3 percent in 2023, when the giant stood...

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Greeneville Publishing Company

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Lean Left

China drinks chain Mixue profits spike 40% in 2024

7 days ago

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Business Times

China bubble tea chain Mixue profits spike 40% in 2024

Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest food and beverage chain, reported a spike in profits on Wednesday (Mar 26) as it laid out further expansion plans.

7 days ago

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