Vipshop Stock Jumps After Q4 Earnings Beat, CEO Highlights Apparel Growth And Discounted Offerings, Sees Up To 5% Revenue Decline In Q1
On Friday, Vipshop Holdings (NYSE:VIPS) reported fourth-quarter sales of $4.55 billion (33.2 billion Chinese Yuan), down by 4.2% year-on-year, which topped the Wall Street view of $4.42 billion. The Chinese discounted branded retailer registered adjusted earnings per ADS of 78 cents, which beat the analyst consensus estimate of 72 cents. The stock price surged after the report. Also Read: User Engagement And High-Margin Businesses Fuel Bilibili Q4 Growth, CEO Highlights AI Potential Total orders