Vipshop Holdings Second Quarter 2024 Earnings: Beats Expectations

Vipshop Holdings (NYSE:VIPS) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥26.9b (down 3.6% from 2Q 2023).
• Net income: CN¥1.93b (down 7.9% from 2Q 2023).
• Profit margin: 7.2% (down from 7.5% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥3.55 (down from CN¥3.81 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vipshop Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Multiline Retail industry in the US are expected to grow by 11%.

Performance of the American Multiline Retail industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Vipshop Holdings (1 can't be ignored!) that you should be aware of before investing here.

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