
Baozun (BZUN) Q1 2026 Earnings Call Transcript
Baozun (BZUN) reported Q1 2026 earnings with total net revenue of CNY 2.4 billion, a 15% year-over-year increase. BEC revenue rose 10% to CNY 1.9 billion, while BBM revenue surged 39% to CNY 538 million. The group achieved a non-GAAP operating income of CNY 8 million, reversing last year's loss. Management emphasized a dual-engine growth strategy, focusing on brand acquisition and AI implementation for operational efficiency. The company aims for over 20% revenue growth in 2026, supported by strategic marketing and merchandising initiatives.
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