Vipshop Holdings Reported Q2 GMV of RMB50.6B, No of Active Customers Was 44.3M Vs 45.6M YoY, Total Orders Were 197.8M Vs 213.8M YoY
Portfolio Pulse from Benzinga Newsdesk
Vipshop Holdings reported its Q2 2024 financial results, showing a slight decline in net revenues and active customers compared to the previous year. Despite a stable GMV, the company saw a decrease in total orders and net income.
August 20, 2024 | 9:08 am
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Vipshop Holdings reported a slight decline in Q2 2024 net revenues and active customers compared to the previous year. Gross profit increased by 2.2%, but total orders and net income decreased.
The decline in net revenues, active customers, and total orders suggests potential challenges in customer retention and sales growth, which could negatively impact the stock price in the short term. However, the increase in gross profit provides a positive aspect.
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