VIPS - Vipshop slumps 5.3% on Q2 earnings miss provides Q3 guidance

Vipshop (VIPS -5.4%) reports Q2 beat of $30M with $4.6B in revenue, an increase of 22.8% from last year. Number of active customers increased by 32% Y/Y to 51.1M. GMV up 25% Y/Y to RMB 48.1B. Gross profit increased by 20.6% Y/Y to RMB6B. Income from operations increased by 18.6% to $227.8M. Outlook Q3: Company expects its total net revenue to be between RMB24.3B and RMB25.5B, representing a year-over-year growth rate of approximately 5% to 10%. Mr. David Cui, CFO, further commented, "During the second quarter of 2021, we delivered solid topline growth and profitability, driven by sustainable growth momentum in our business. In addition, we generated robust free cash inflow of RMB7.1 billion for the trailing twelve months ended June 30, 2021, compared with RMB4.1 billion in the prior year period. In the second quarter, we repurchased approximately US$301 million of our ADSs in accordance with the US$500 million share repurchase program we adopted in

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Vipshop slumps 5.3% on Q2 earnings miss, provides Q3 guidance