Vipshop Holdings (VIPS) Misses Q1 EPS by 1c, Beats on Revenues

Vipshop Holdings (NYSE: VIPS) reported Q1 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.08 billion.

First Quarter 2018 Highlights

• Total net revenue for the first quarter of 2018 increased by 24.6% year over year to RMB19.9 billion (US$3.2 billion) from RMB16.0 billion in the prior year period.
• The number of active customers[1] for the trailing twelve months ended March 31, 2018 was 56.6 million, as compared with 55.5 million in the prior year period.
• Total orders[2] for the first quarter of 2018 increased by 25% year over year to 90.2 million from 72.1 million in the prior year period.
• Gross profit for the first quarter of 2018 increased by 8.5% year over year to RMB4.0 billion (US$639.2 million) from RMB3.7 billion in the prior year period.
• Net income attributable to Vipshop's shareholders for the first quarter of 2018 was RMB529.7 million (US$84.5 million), as compared with RMB551.9 million in the prior year period.
• Non-GAAP net income attributable to Vipshop's shareholders[3] for the first quarter of 2018 was RMB727.7 million (US$116.0 million), as compared with RMB799.4 million in the prior year period.

For earnings history and earnings-related data on Vipshop Holdings (VIPS) click here.

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