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

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Vipshop Reports Unaudited Second Quarter 2020 Financial Results

August 19, 2020 6:00 AM EDT

GUANGZHOU, China, Aug. 19, 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 second quarter ended June 30, 2020.

Second Quarter 2020 Highlights

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 2020 increased by 9% year over year to RMB38.4 billion from... More