Vipshop Holdings (NYSE:VIPS) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥108.4b (down 3.9% from FY 2023).
- Net income: CN¥7.74b (down 4.6% from FY 2023).
- Profit margin: 7.1% (down from 7.2% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥14.59 (down from CN¥14.67 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vipshop Holdings Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Vip.Com segment contributing a total revenue of CN¥104.7b (97% of total revenue). Notably, cost of sales worth CN¥83.0b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥12.3b (70% of total expenses). Explore how VIPS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.9% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Vipshop Holdings that you need to take into consideration.
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