Vipshop Holdings (VIPS) Tops Q3 EPS by 1c, Revenues Beat

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Vipshop Reports Unaudited Third Quarter 2020 Financial Results

November 13, 2020 5:03 AM EST

GUANGZHOU, China, Nov. 13, 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 third quarter ended September 30, 2020.

Third Quarter 2020 Highlights

Total net revenue for the third quarter of 2020 increased by 18.2% year over year to RMB23.2 billion (US$3.4 billion) from RMB19.6 billion in the prior year period. GMV[1] for the third quarter of 2020 increased by 21% year over year to RMB38.3 billion... More