May. 20 at 10:20 AM
$VIPS Vipshop reports Q1 EPS 61c
Reports Q1 revenue
$3.35B. The number of active customers for the first quarter was 41.3M, compared with 43.1M in the prior year period. Total orders for the first quarter of 2025 were 167.2M, compared with 178.5M in the prior year period. Eric Shen, chairman and CEO of Vipshop, stated, "Our first-quarter performance was broadly in line with our expectations. We continued to make progress on the strategic actions we have set out to return to growth.
We're pleased to see further expansion of our unique and high-quality off-price brand supply, which drove the double-digit growth in Super VIP customers. Building on our long-standing merchandising strategy, we are implementing changes throughout the organization to align with our growth priorities, operate with greater synergy, and deliver uniquely compelling value to our customers. We are confident that we will have all the building blocks to achieve long-term success."
