Vipshop Holdings (VIPS) Tops Q3 EPS by 8c, Revenues Beat

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Vipshop Reports Unaudited Third Quarter 2019 Financial Results

November 13, 2019 5:00 AM EST

GUANGZHOU, China, Nov. 13, 2019 /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, 2019.

Third Quarter 2019 Highlights

Total net revenue for the third quarter of 2019 increased by 10.0% year over year to RMB19.6 billion (US$2.7 billion) from RMB17.8 billion in the prior year period. GMV[1] for the third quarter of 2019 increased by 17% year over year to RMB31.7 billion... More