Vipshop reports Q3 EPS 30c, consensus 4c

Reports Q3 revenue $3.1B, consensus $3.12B. Total orders for Q3 increased by 6.9% year over year to 179.9M. The number of active customers for Q3 increased by 3.5%. Eric Shen, chairman and CEO of Vipshop, stated, “We had a decent quarter, primarily driven by the sustained momentum in the apparel category. During the quarter, we advanced our strategic priority of growing mindshare for Vipshop to become the go-to online shopping platform for apparel. We are encouraged to see that our professional merchandising team is skilled at both developing a rich and diverse mix of branded merchandise and identifying opportunities with brand partners in customized products. While growing our merchandise selections, we are committed to providing our users with affordability and elevating their shopping experience enabled by a comprehensive suite of core capabilities. With these competencies, we are confident to achieve stable and sustainable growth, which we believe is well supported by our unique business model.”