What's Going On With Vipshop's Stock Today?
Portfolio Pulse from Akanksha Bakshi
Vipshop Holdings Ltd (NYSE:VIPS) reported a 5.3% Y/Y revenue increase in Q3 FY23 to $3.1 billion, with GMV up 13.1% and active customers growing by 3.5%. Gross profit fell 13% Y/Y, but adjusted operating income rose 33% with improved margins. Adjusted EPS increased, and the company repurchased $13.4 million of its ADSs. Vipshop anticipates Q4 revenue growth between 0% to 5% Y/Y. VIPS shares rose 1.36% to $14.50.

November 14, 2023 | 7:29 pm
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POSITIVE IMPACT
Vipshop's Q3 FY23 report shows revenue growth and increased GMV, but a decline in gross profit. Adjusted operating income and EPS rose, and the company continues its share repurchase program. Shares are up following the report.
The positive revenue and GMV growth, along with the increase in adjusted operating income and EPS, are likely to be viewed favorably by investors, despite the decline in gross profit. The active share repurchase program also signals confidence from management, supporting the short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100