Vipshop misses top-line and bottom-line estimates; gives Q3 outlook
Vipshop missed Q2 revenue and earnings estimates, reporting $3.64B in revenue (-4.26% YoY) and Non-GAAP EPS of $0.12. GMV fell to RMB50.6B, with active customers at 42.3 million. The company provided a Q3 outlook expecting net revenues between RMB20.3B and RMB21.4B, representing a 0-5% YoY decrease.