VIPS - Why Discount Retailer Vipshop Shares Are Jumping Today | Benzinga
Vipshop Holdings Limited (NYSE:VIPS) shares are trading higher on Wednesday.
The company reported fourth-quarter adjusted earnings per ADS of 82 cents, surpassing the analyst consensus of 71 cents.
Quarterly revenues of $4.88 billion beat the analyst consensus of $4.69 billion. Sales increased 9.2% year over year on growth in active customers and spending driven by the recovery in consumption of discretionary categories.
GMV for the fourth quarter of 2023 increased by 21.9% year over year. Total orders increased 7.2% year over year to 234.3 million from 218.5 million in the prior ...