Vipshop Reports Unaudited Second Quarter 2020 Financial Results

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Go back to Vipshop Reports Unaudited Second Quarter 2020 Financial Results

Vipshop Holdings (VIPS) Misses Q2 EPS by 1c, Revenues Miss

August 19, 2020 6:05 AM EDT

Vipshop Holdings (NYSE: VIPS) reported Q2 EPS of $0.27, $0.01 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.42 billion.

Second Quarter 2020 Highlights

Non-GAAP net income attributable to Vipshop's shareholders per diluted ADS[9] for the second quarter of 2020 increased to RMB1.92 (US$0.27) from RMB1.58 in the prior year period.Total net revenue for the second quarter of 2020 increased by 6.0% year over year to RMB24.1 billion (US$3.4 billion) from RMB22.7 billion in the prior year period.GMV[1] for the second quarter of... More