Vipshop Holdings Q1 2024 net revenue at RMB27.6bn, up 0.4% YoY, gross profit at RMB6.5bn, GMV rising 8.
Vipshop Holdings Limited reports Q1 2024 net revenues of RMB27.6bn (US$3.8bn), up 0.4% YoY, with gross profit at RMB6.5bn (US$906m) and GMV rising 8.0% YoY to RMB52.4bn. The company's Q1 net income attributable to shareholders increased by 24.6% YoY to RMB 2.3bn. For Q2, the company expects net revenues to be between RMB26.5bn and RMB27.9bn, a YoY decrease of approximately 5% to 0%.
May 22, 2024
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