Vipshop beats by $0.02, beats on revs; guides Q3 revs in-line/midpoint above estimates :
- Reports Q2 (Jun) earnings of $0.17 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.15; rev +49% to $2.02 bln vs. $1.92 bln consensus, primarily driven by the growth in the numbers of total active customers, repeat customers, and total orders. The number of active customers for the second quarter of 2016 increased by 62% to 23.0 million from 14.2 million in the prior year period. The number of total orders for the second quarter of 2016 increased by 54% to 68.9 million from 44.9 million in the prior year period.
- Co issues in-line guidance for Q3, sees Q3 revs +37-43% to ~RMB 11.9-12.4 bln vs. $12.03 bln Capital IQ Consensus Estimate.
- "With the addition of more than 8.2 million new customers in the second quarter, which represents a 50% increase compared to the same period in the prior year, we also experienced further diversification of our customer base towards younger and more Internet- and mobile-savvy shoppers. To better target these expanding demographics, we have enhanced the customization of our product offerings which are tailored to shoppers in various age groups. Looking forward, we will continue to focus on diversifying our product offerings and delivering more personalized products and services to our valued customers."
No comments:
Post a Comment