Vipshop Holdings (VIPS) Tops Q1 EPS by 3c, Provides Outlook

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Vipshop Reports Unaudited First Quarter 2015 Financial Results

May 13, 2015 4:01 PM EDT

GUANGZHOU, China, May 13, 2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Total net revenue increased by 100.0% year over year to RMB8.6 billion (US$1.4 billion) from RMB4.3 billion in the prior year period, primarily attributable to a 75.0% year-over-year increase in the number of active customers[1] to 12.9 million and a 90.0% year-over-year increase in total orders[2] to 38.5 million.... More