Vipshop reports Q3 EPS RMB 2.98, consensus RMB 2.91

Reports Q3 revenue RMB 21.4B, consensus RMB 21.07B. The number of active customers for the third quarter increased by 1.3% to 40.1M. Total orders for the third quarter increased by 1.5% to 166.4M. Eric Shen, chairman and CEO of Vipshop (VIPS), stated, “We successfully regained business growth in the third quarter, driven by positive customer momentum, especially double-digit growth in Super VIP members, and broad-based strength across core categories. We have seen encouraging results since we strategically realigned the organization and reinforced the flywheel from merchandising, customer engagement to operations. Meanwhile, technology and AI are playing an increasingly vital role in unlocking growth potential and driving efficiency. Building on our unique position as an off-price retailer for brands, we are leaning into the opportunities ahead and firmly pursuing our long-term path to sustainable and profitable growth.”