Vipshop Holdings Q1 Revenue Misses Estimate; Plans To Repurchase Stock Worth $500M By Year-end
Vipshop Holdings Q1 Revenue Misses Estimate; Plans To Repurchase Stock Worth $500M By Year-end
Vipshop Holdings Limited (NYSE:VIPS) reported first-quarter sales of $3.83 billion, which missed the Wall Street view of $3.93 billion.
唯品会控股有限公司（纽约证券交易所代码：VIPS）公布的第一季度销售额为38.3亿美元，未达到华尔街预期的39.3亿美元。
Total orders for the quarter were 178.5 million, compared with 184.4 million in the prior year period.
该季度的订单总额为1.785亿份，而去年同期为1.844亿份。
Gross margin for the first quarter increased to 23.7% from 21.4% in the prior year period. Gross profit jumped 10.9% year over year to RMB6.5 billion ($906.5 million).
第一季度的毛利率从去年同期的21.4％增至23.7％。毛利同比增长10.9％，至人民币65亿元（合9.065亿美元）。
GMV for the first quarter increased by 8% year over year to RMB52.4 billion from RMB48.5 billion in the prior year period.
第一季度的GMV同比增长8％，从去年同期的人民币485亿元增至人民币524亿元。
Vipshop Holdings registered adjusted earnings per ADS of 65 cents, which beat the analyst consensus of 39 cents.
唯品会控股的调整后每股ADS收益为65美分，超过了分析师共识的39美分。
As of March-end, the company had cash and cash equivalents and restricted cash of $3.4 billion, and short term investments of $402.9 million.
截至3月底，该公司的现金和现金等价物以及限制性现金为34亿美元，短期投资为4.029亿美元。
Share Repurchase Program: During the quarter, the company repurchased $11.9 million of its ADSs under its current $1 billion share repurchase program, which is effective through March 2025.
股票回购计划：在本季度，该公司根据其目前的10亿美元股票回购计划回购了1190万美元的ADS，该计划有效期至2025年3月。
The company is committed to repurchasing approximately $500 million of its ADSs by December 2024-end.
该公司承诺在2024年12月底之前回购约5亿美元的美国存托凭证。
Outlook: For the second quarter of 2024, the company expects its total net revenues to be between RMB26.5 billion and RMB27.9 billion, representing a year-over-year decrease of approximately 5% to 0% (estimate: RMB29.3 billion).
展望：2024年第二季度，该公司预计其总净收入将在人民币265亿元至279亿元人民币之间，同比下降约5％至0％（估计：293亿元人民币）。
Price Action: VIPS shares are trading higher by 4.5% to $17.19 at last check Wednesday.
价格走势：周三最后一次检查时，VIPS股价上涨4.5％，至17.19美元。