Categories Earnings, Retail

Vipshop Holdings (NYSE: VIPS): Q3 2019 Earnings Snapshot

— Chinese online discount retailer Vipshop Holdings Limited (NYSE: VIPS) reported its third-quarter 2019 adjusted earnings of 25 cents per American Depository Shares versus 17 cents per ADS expected.

— Total net revenues increased by 10% to RMB19.6 billion or $2.7 billion. This is compared to the consensus estimates of $2.61 billion.

Vipshop Holdings active customers trend

— The number of active customers increased by 21% year-over-year to 32.0 million. This demonstrated its healthy growth momentum backed by the successful execution of merchandising strategy.

— Total orders increased by 33% year-over-year to 127.6 million from 95.7 million in the prior-year period.

— As a percentage of total net revenue, total operating expenses decreased to 17.3% from 19.4% in the prior-year period, primarily attributable to more effective cost control.

— Looking ahead into the fourth quarter, the company expects total net revenues in the range of RMB26.1 billion to RMB27.4 billion. This represents a year-over-year growth rate of about 0% to 5%.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Cost reduction has become a priority for FedEx (FDX) after a challenging quarter

Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for

Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know

After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG

Stock Watch: Is Darden Restaurants a good buy after earnings?

After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top