Baozun Inc. (BZUN) Ramps 13% Following Q1 Beat

Baozun Inc. (NASDAQ: BZUN) is gaining 13% in early trade after the company reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $146.9 million versus the consensus estimate of $139.67 million.

The Company expects total net revenues to be between RMB1,060 million and RMB1,100 million for the second quarter of 2018.

While the Company is transitioning more of its business from the distribution model towards the non-distribution model, Baozun is providing quarterly guidance on services revenues. The Company expects services revenue to increase by over 50% on a year-over-year basis for the second quarter of 2018.

For earnings history and earnings-related data on Baozun Inc. (BZUN) click here.

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