Why Vipshop Shares Are Sliding Today
Portfolio Pulse from Lekha Gupta
Vipshop Holdings Ltd reported Q2 FY23 revenue growth of 13.6% Y/Y to $3.84 billion, beating the consensus. GMV increased by 24.5% Y/Y and the number of active customers grew by 9.6% Y/Y. The company also reported an expansion in gross margin and non-GAAP operating margin. Despite these positive results, VIPS shares are trading lower by 5.739% premarket.
August 18, 2023 | 10:52 am
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NEGATIVE IMPACT
Despite reporting a strong Q2 FY23 with revenue growth and margin expansion, Vipshop's shares are trading lower.
Even though Vipshop reported strong Q2 FY23 results with revenue growth and margin expansion, the market reacted negatively. This could be due to various factors such as market sentiment, investor expectations, or other external factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100