Vipshop Shares Rise 2.4% as Q2 Results Beat Expectations
Deep News
Aug 14
Vipshop (VIPS) gained 2.44% following the release of second-quarter earnings that surpassed market expectations in both revenue and profitability. The company reported total revenue of $3.6 billion for the quarter.
The company's gross merchandise volume (GMV) increased 1.7% year-over-year, despite a slight decline in active customer numbers.
For the third quarter, Vipshop provided guidance indicating expected revenue growth of up to 5% year-over-year. Management attributed this positive outlook to enhanced operational efficiency across the platform and strengthened partnerships with brand collaborators.
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