Vipshop Holdings Reported Q1 GMV of RMB52.4B, up by 8% YoY, No of Active Customers Was 43.1M Vs 43.7M YoY, Total Orders Were 178.5M Vs 184.4M YoY
Portfolio Pulse from Benzinga Newsdesk
Vipshop Holdings reported a Q1 GMV of RMB52.4 billion, an 8% increase YoY. The number of active customers slightly decreased to 43.1 million from 43.7 million YoY, and total orders fell to 178.5 million from 184.4 million YoY.
May 22, 2024 | 9:09 am
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Vipshop Holdings reported a mixed Q1 with an 8% YoY increase in GMV to RMB52.4 billion, but a slight decrease in active customers and total orders.
The increase in GMV is a positive indicator of revenue growth, but the decline in active customers and total orders may raise concerns about customer retention and engagement. The mixed results are likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100