Vipshop Holdings (VIPS) Tops Q3 EPS by 1c
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Vipshop Reports Unaudited Third Quarter 2016 Financial Results
November 21, 2016 4:05 PM ESTGUANGZHOU, China, Nov. 21, 2016 /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, 2016.
Third Quarter 2016 Highlights
Total net revenue increased by 38.4% to RMB12.00 billion (US$1.80 billion), primarily attributable to a 43% year-over-year increase in the number of active customers[1] to 20.8 million and a 34% year-over-year increase in total orders[2] to 60.1 million. Gross profit increased by 36.0% to RMB2.93 billion (US$439.7 million) from RMB2.16... More