Vipshop Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

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).

We've discovered 1 warning sign about Vipshop Holdings. View them for free.

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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