Chinese online discount retailer Vipshop's Q2 revenue, profit decline
Overview
Vipshop Q2 2025 revenue falls to RMB25.8 bln ($3.6 bln) from RMB26.9 bln yr/yr
Net income attributable declines to RMB1.5 bln from RMB1.9 bln yr/yr
GMV rises 1.7% to RMB51.4 bln, driven by apparel and Super VIP growth
Outlook
Company expects Q3 2025 revenue between RMB20.7 bln and RMB21.7 bln
Result Drivers
APPAREL PERFORMANCE - Apparel categories contributed to GMV growth, according to CEO Eric Shen
SUPER VIP GROWTH - Double-digit growth in Super VIP memberships supported GMV increase, per CEO Eric Shen
OPERATING EXPENSES - Increase in general and administrative expenses impacted overall profitability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| RMB 25.80 bln |
|
Q2 Adjusted Net Income |
| RMB 2.10 bln |
|
Q2 Net Income |
| RMB 1.50 bln |
|
Q2 GMV |
| RMB 51.40 bln |
|
Q2 Gross Profit |
| RMB 6.10 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Vipshop Holdings Ltd is $16.10, about 1.6% above its August 13 closing price of $16.36
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPn8QrsHKa
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