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Monday, August 13, 2018

-=Vipshop (VIPS) reported earnings on Mon 13 Aug 2018 (a/h)

Vipshop misses by RMB 0.10, misses on revs; guides Q3 revs below consensus 
  • Reports Q2 (Jun) earnings of RMB 0.84 per share, excluding non-recurring items, RMB 0.10 worse than the Capital IQ Consensus of RMB 0.94; revenues rose 18.4% year/year to RMB 20.74 bln vs the RMB 21.23 bln Capital IQ Consensus, primarily driven by the growth in the number of total active customers and the improvement in average revenue per customer. The number of active customers for Q2 increased by 6% year over year to 29.8 million.
  • Total orders for the second quarter of 2018 increased by 31% year over year to 111.3 million 
  • Co issues downside guidance for Q3, sees Q3 revs of +13-18% to ~RMB 17.3-18.1 bln vs. RMB 19.09 bln Capital IQ Consensus Estimate. 
  • "We worked closely with our strategic partners, Tencent and, in order to unlock the value the strategic alliance presents for all three parties. As such, we are keenly focused on our merchandising strategy, which will further fortify our position as China's leading online discount retailer."

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