Vipshop Holdings (VIPS) Reports In-Line Q1 EPS, Revenues Miss

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Vipshop Reports Unaudited First Quarter 2021 Financial Results

May 19, 2021 6:00 AM EDT

GUANGZHOU, China, May 19, 2021 /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, 2021.

First Quarter 2021 Highlights

Total net revenue for the first quarter of 2021 increased by 51.1% year over year to RMB28.4 billion (US$4.3 billion) from RMB18.8 billion in the prior year period. GMV[1] for the first quarter of 2021 increased by 59% year over year to RMB46.1 billion... More