Vipshop Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
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Citi Upgrades Vipshop Holdings (VIPS) to Buy on Proven Strategy
March 6, 2020 4:23 AM ESTCiti analyst Alicia Yap upgraded Vipshop Holdings (NYSE: VIPS) from Neutral to Buy with a price target of $20.00 (from $13.00).
The analyst comments "With VIPS commitment of focusing its strength in procuring branded overstock apparel merchandise, utilizing cost-efficient product-driven user acquisition strategy and ongoing... More
Vipshop Holdings (VIPS) Reports Q4 EPS of $0.85
March 5, 2020 5:58 AM ESTVipshop Holdings (NYSE: VIPS) reported Q4 EPS of $0.85. Revenue for the quarter came in at $4.2 billion.
Fourth Quarter and Full Year 2019 Highlights
Total net revenue for the fourth quarter of 2019 increased by 12.4% year over year to RMB29.3 billion (US$4.2 billion) from RMB26.1 billion in the prior year period. Total net revenue for the full year of 2019 increased by 10.0% year over year to RMB93.0 billion (US$13.4 billion) from RMB84.5 billion in the prior year.GMV[1] for the fourth quarter of 2019 increased by 14% year over year to RMB47.6 billion from... More