Vipshop Holdings (VIPS) Announces $300M Stock Buyback Plan
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Vipshop Reports Unaudited Third Quarter 2015 Financial Results
November 17, 2015 4:01 PM ESTGUANGZHOU, China, Nov. 17, 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 third quarter ended September 30, 2015.
Third Quarter 2015 Highlights
Total net revenue increased by 63% to RMB8.67 billion (US$1.36 billion) from RMB5.33 billion in the prior year period. Gross profit increased by 63% to RMB2.16 billion (US$339 million) from RMB1.33 billion in the prior year period. Gross margin remained stable at 24.9%, as compared to... More