JD.com Full Year 2023 Earnings: EPS Misses Expectations
JD.com (NASDAQ:JD) Full Year 2023 Results
Key Financial Results
Revenue: CN¥1.08t (up 3.7% from FY 2022).
Net income: CN¥24.2b (up 133% from FY 2022).
Profit margin: 2.2% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CN¥15.37 (up from CN¥6.64 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JD.com EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%.
The primary driver behind last 12 months revenue was the JD Retail segment contributing a total revenue of CN¥945.3b (87% of total revenue). Notably, cost of sales worth CN¥989.5b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥40.1b (57% of total expenses). Explore how JD's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's shares are up 7.7% from a week ago.
Risk Analysis
Be aware that JD.com is showing 1 warning sign in our investment analysis that you should know about...
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