Vipshop reports Q4 EPS 53c, consensus 47c

Reports Q4 revenue $4.6B, consensus $4.59B. Total orders increased to 218.5M. The number of active customers was 47.7M. Eric Shen, chairman and CEO of Vipshop, stated, "We had another quarter of strong earnings to finish off an extremely challenging year. Our business fundamentals are now stronger with the capabilities that we have built in merchandising, operations, and technologies in the past year. We have gained momentum with brand partners, securing a consistent flow of quality merchandise at exceptional values to our platform. We have won loyalty from customers, growing the high-value customer base all year long. And we have stepped up efforts in sustainability that benefits all stakeholders. Our sharp execution in 2022 gives us confidence as we look ahead for the post-pandemic opportunities. We believe that we are now in a healthier position than before to achieve both growth and profitability."