Why Discount Retailer Vipshop Shares Are Jumping Today
Portfolio Pulse from Nabaparna Bhattacharya
Vipshop Holdings Limited (NYSE:VIPS) shares surged after reporting Q4 adjusted earnings per ADS of 82 cents, beating the consensus of 71 cents, and revenues of $4.88 billion, exceeding expectations of $4.69 billion. Sales grew 9.2% YoY, driven by increased active customers and spending in discretionary categories. GMV and total orders saw significant increases, while gross profit rose 19.3% YoY. The company declared a dividend of $0.43 per ADS for FY2023 and provided a positive revenue outlook for Q1 2024.
February 28, 2024 | 5:11 pm
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Vipshop Holdings Limited reported strong Q4 earnings and revenue, surpassing analyst expectations, declared a dividend for FY2023, and provided an optimistic revenue outlook for Q1 2024.
Vipshop's Q4 performance exceeded analyst expectations with significant growth in sales, GMV, and gross profit. The declaration of a dividend and a positive revenue outlook for the next quarter are likely to boost investor confidence and support a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100