Vipshop (NYSE: VIPS) 2Q19 Results: Revenue and EPS Beat Consensus Thanks to Strong Apparel Sales and More Active Customers

Executive Summary

• Vipshop reported 2Q19 revenues of ¥22.7 billion ($3.3 billion), up 9.7% year over year and beating the consensus estimate of ¥21.6 billion.
• The number of active customers increased 11% year over year to 33.1 million.
• The company expects total revenue to be ¥17.8–7 billion in 3Q19, equivalent to around 0-5% year-over-year growth.