Vipshop Holdings (VIPS) Tops Q1 EPS by 9c, Revenues Beat

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Vipshop Reports Unaudited First Quarter 2020 Financial Results

May 27, 2020 6:00 AM EDT

GUANGZHOU, China, May 27, 2020 /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, 2020.

First Quarter 2020 Highlights

Total net revenue for the first quarter of 2020 was RMB18.8 billion (US$2.7 billion), as compared with RMB21.3 billion in the prior year period, primarily attributable to soft consumer demand for discretionary categories, delayed logistic services and slow response from the supply chain during the... More