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Vipshop (NYSE: VIPS) 1Q19 Results Beat Consensus Thanks to Improved Product Assortment in Apparel and Increase in Active Customers

Executive Summary

  • Vipshop reported 1Q19 revenues of ¥3 billion, up 7.3% year over year and beating the consensus estimate of ¥20.5 billion.
  • The number of active customers increased 14% year over year to 29.7 million.
  • The company expects total revenue to be ¥20.7-21.7 billion in 2Q19, equivalent to around 0-5% year over year growth.

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