Vipshop Holdings Limited (NYSE:VIPS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 9.7%.
Vipshop Holdings Limited Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.20 in the quarter versus EPS of $-0.08 in the year-earlier quarter.
Revenue: Rose 159.68% to $351.29 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vipshop Holdings Limited reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $340.37 million.
Quoting Management: Mr. Eric Shen, Chairman and CEO of Vipshop, stated, “We are proud to report another solid quarter with strong revenue growth and margin expansion. We believe that these results attest to our growing market leadership and brand reputation as China’s leading online discount retailer for brands. Our unique positioning is underpinned by our core competency in merchandizing, logistics and consumer intelligence that are specifically designed and integrated into our differentiated business model. As we continue to leverage our strong market position, we have further grown our loyal customer base and deepened our relationships with our brand partners, strengthening the scale effects associated with our growing business operation. With almost 140% year-over-year increase in both active customer count and the number of total orders, Vipshop has increasingly become the preferred online discount outlet for our customers to shop for their favorite brands and for brand partners to provide special offers on their merchandise. Building upon our increased operation and scale effect, we remain confident that our market leadership position will continue to help us deliver strong returns for our shareholders over the long term.”
Key Stats (on next page)…