— Vipshop Holdings Limited (NYSE: VIPS) reported earnings of $0.41 per share in the fourth quarter of 2019, vs $0.30 per share expected.
— Q4 revenue rose 12.4% to $4.2 billion, vs. $4 billion expected. The topline was primarily driven by 19% growth in total active customers to 38.6 million. Total orders increased by 24% to 174.6 million.
— Apparel-related categories contributed to over 70% of total GMV in the fourth quarter.
— For 1Q20, the company expects total net revenue between RMB17.1 billion and RMB18.1 billion, down 15% to 20%, due to impact of COVID-19.
— VIPS shares jumped 6% immediately following the announcement.
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per