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

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

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