In the latest market close, Vipshop Holdings Limited (VIPS) reached $16.02, with a +0.13% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.Heading into today, shares of the company had lost 3.56% over the past month, lagging the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59% in that time.Market participants will be clos ...

Core Viewpoint - Vipshop Holdings Limited (VIPS) has experienced a decline of -9.1% in share price over the past month, contrasting with the Zacks S&P 500 composite's increase of +1.6% and the Zacks Internet - Delivery Services industry's slight loss of -0.5% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Vipshop is $0.74 per share, reflecting a year-over-year increase of +39.6% [3] - The consensus earnings estimate for the current fiscal year is $2.30, indicating a year-over-year change of +48.4%, with a slight decrease of -2.4% over the last 30 days [3] - For the next fiscal year, the earnings estimate is $2.53, showing a +10% change from the previous year, with a decrease of -1.9% in the last month [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $4.66 billion, representing a year-over-year increase of +1.2% [5] - For the current fiscal year, the sales estimate is $15.46 billion, indicating a +1.1% change, while the next fiscal year's estimate is $16.36 billion, reflecting a +5.8% change [5] Last Reported Results and Surprise History - In the last reported quarter, Vipshop's revenues were $3.12 billion, a year-over-year increase of +2.7%, with an EPS of $0.46 compared to $0.36 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $3.08 billion by +1.28%, and the EPS surprise was +15% [7] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times during this period [7] Valuation - Vipshop is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [9]

Vipshop Holdings Limited (VIPS) ended the recent trading session at $15.03, demonstrating a -0.53% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.23%. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 1.7%.Heading into today, shares of the company had lost 11.74% over the past month, lagging the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94% in that time.The investment community will be paying ...

Vipshop Holdings Limited (VIPS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -0.7%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Delivery Services industry, which Vipshop Holdings Limited falls in, has lost 0.3%. The key question now is: What could be th ...

Vipshop Holdings Limited (VIPS) closed the most recent trading day at $16.30, moving -1.75% from the previous trading session. This change lagged the S&P 500's 1.41% gain on the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 2.2%.Shares of the company have appreciated by 8.64% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.37% and the S&P 500's gain of 2.9%.The upcoming earnings release of Vipshop H ...

Company Performance - Vipshop Holdings Limited (VIPS) closed at $17.27, reflecting a -1.2% change compared to the previous day, underperforming the S&P 500's 0.34% loss [1] - Over the last month, the company's shares increased by 14.55%, outperforming the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56% [1] Upcoming Earnings - Analysts expect Vipshop Holdings Limited to report earnings of $0.74 per share, indicating a year-over-year growth of 39.62% [1] - The consensus estimate for revenue is $4.67 billion, which represents a 1.34% increase from the prior-year quarter [1] Analyst Estimates and Rankings - Recent changes to analyst estimates for Vipshop Holdings Limited reflect evolving short-term business trends, with positive revisions indicating analyst optimism [2] - The Zacks Rank for Vipshop Holdings Limited is currently 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [2] Valuation Metrics - Vipshop Holdings Limited has a Forward P/E ratio of 6.79, which is significantly lower than the industry's average Forward P/E of 22.92, indicating a valuation discount [3] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 96, placing it in the top 39% of all industries [3]

Core Viewpoint - Vipshop Holdings Limited (VIPS) has shown strong stock performance recently, with a +14.6% return over the past month, outperforming the Zacks S&P 500 composite's +3.4% and the Zacks Internet - Delivery Services industry's +5.2% [1] Earnings Estimates - For the current quarter, Vipshop is expected to report earnings of $0.74 per share, reflecting a +39.6% change year-over-year [3] - The consensus earnings estimate for the current fiscal year is $2.30, indicating a +48.4% increase from the previous year [3] - For the next fiscal year, the earnings estimate is $2.58, which represents a +12.2% change from the expected report a year ago [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $4.67 billion, showing a +1.3% year-over-year change [5] - For the current fiscal year, the sales estimate is $15.46 billion, indicating a +1.1% change, while the next fiscal year's estimate is $16.36 billion, reflecting a +5.8% change [5] Last Reported Results - In the last reported quarter, Vipshop generated revenues of $3.12 billion, a +2.7% increase year-over-year [6] - The EPS for the same period was $0.46, compared to $0.36 a year ago [6] - The company reported a revenue surprise of +1.28% against the Zacks Consensus Estimate of $3.08 billion and an EPS surprise of +15% [7] Valuation - Vipshop is rated A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [9] - The analysis of valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) is essential for determining the stock's fair value [8] Overall Performance Outlook - Vipshop's Zacks Rank is 3 (Hold), suggesting it may perform in line with the broader market in the near term [10]

Core Viewpoint - Vipshop (VIPS) is a leading specialty online discount retailer in China, operating in a niche market with limited competition, and its current valuation does not reflect its growth potential over the next 2-3 years [2][14]. Company Overview - VIPS offers high-quality branded products at significant discounts, pioneering the online discount retail model in China [2]. - The company primarily sells branded and customized products, focusing on off-season and oversized excess inventory items [4][3]. - VIPS's customer base mainly consists of value-oriented middle-class young Chinese females [4]. Competitive Advantages - VIPS has over 1,200 professional buyers who understand consumer needs, enabling better product procurement [6]. - The company has established long-term relationships with brand partners, allowing for large discounts and a wide range of product selections [6]. - VIPS has a loyal customer base, with 86% of customers being repeat buyers, supported by superior after-sale services [6][7]. Financial Performance - VIPS has shown consistent growth in EBIT and net income, outpacing revenue growth, indicating high-quality growth [7]. - For Q3 2023, VIPS reported a 5.3% increase in total net revenues and a 15.5% increase in Non-GAAP net income [10]. - The number of active customers grew by 3.5%, and total orders increased by 6.9%, leading to a 13.1% growth in GMV [10]. Valuation Insights - The company has completed a $1 billion share repurchase program and authorized an additional $500 million for future repurchases [9]. - Revenue is projected to grow at 5% annually, with an estimated net income of $1.1 billion by 2025 [11][12]. - The current market cap is approximately $9.016 billion, indicating a potential upside of 47.7% based on the target valuation [12].

Financial Data and Key Metrics Changes - Total net revenues for Q3 2023 increased by 5.3% year-over-year to RMB22.8 billion from RMB21.6 billion, driven by growth in active customers and spending in discretionary categories [12] - Gross profit increased by 14.9% year-over-year to RMB5.4 billion, with gross margin rising to 23.6% from 21.7% [12][10] - Non-GAAP operating margin reached an all-time high of 9.1%, while non-GAAP net margin attributable to shareholders maintained at 8.1% [10][15] - Net income attributable to shareholders was RMB1.2 billion, down from RMB1.7 billion in the prior year period, with net margin decreasing to 5.3% from 7.8% [14][15] Business Line Data and Key Metrics Changes - The apparel category outperformed with over 16% growth in GMV year-over-year, contributing significantly to overall sales [4][5] - Active Super VIP members grew by 17% year-over-year, accounting for 45% of online spending in Q3 [5][9] Market Data and Key Metrics Changes - Overall GMV growth during the Double 11 event reached double-digit growth, outperforming the industry average [18] - The company noted a muted performance in October due to abnormal weather conditions, but apparel categories have shown improvement recently [18] Company Strategy and Development Direction - The company aims to be the first online shopping destination for apparel, focusing on merchandise expansion and providing value for money [6][9] - Strategic improvements include enhancing customer shopping experience and quality assurance through collaborations with brand partners [8][9] - The company is committed to long-term growth, emphasizing the importance of customer retention and expanding the Super VIP member base [19][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving stable and healthy growth despite a challenging consumption environment [19] - The company anticipates a higher net profit margin in Q4, typically a peak season, and sees potential for further expansion in NP margin due to economies of scale [24][15] Other Important Information - The company has returned approximately US$2 billion to shareholders since April 2021 and remains committed to its share repurchase program [11][25] - As of September 30, 2023, cash and cash equivalents totaled RMB19.6 billion, with short-term investments of RMB451.9 million [15] Q&A Session Summary Question: Latest GMV trend and 2024 outlook - Management noted that GMV performance was muted in early Q4 due to weather but improved during Double 11, with expectations for better performance if winter conditions are favorable [18][19] Question: Gross margin outlook for 2024 - Management indicated that while Q3 gross margin reached a new high, there is limited room for further expansion, but NP margin may still see growth due to operating leverage [23][24] Question: Share buyback program details - The company has utilized around US$448 million of its US$1 billion buyback program and plans to continue executing buybacks based on market conditions [25][33] Question: Strategies to enhance growth and user purchasing frequency - Management emphasized the importance of expanding the merchandising portfolio and improving customer retention, particularly among Super VIP members [28][29][30]

Financial Data and Key Metrics Changes - Total net revenue increased by 13.6% year-over-year to RMB27.9 billion from RMB24.5 billion [12][14] - Non-GAAP net income attributable to Vipshop shareholders increased by 15.8% [12] - Gross profit increased by 23.4% year-over-year to RMB6.2 billion [15] - Gross margin expanded to over 22% for the first time in three years [12][13] - Non-GAAP net margin attributable to Vipshop's shareholders hit a record high at 8.6% [18] Business Line Data and Key Metrics Changes - The apparel category delivered over 30% GMV growth, reflecting broad-based strength [5] - Active Super VIP members increased by 23%, contributing to about 44% of online spending [6][44] Market Data and Key Metrics Changes - The company expects total net revenue for Q3 2023 to be between RMB21.6 billion and RMB22.7 billion, representing a year-over-year increase of approximately 0% to 5% [18] Company Strategy and Development Direction - The company aims to enhance its core competence in offering a rich and diverse selection of greater value [6] - Focus on deepening customer engagement and personalized experiences [10] - Commitment to maintaining quality and healthy growth in both top and bottom lines [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustainable GMV growth due to improved merchandising capabilities and recovery in discretionary spending [22] - The retail environment is characterized by consumers placing value at the top of their list, presenting opportunities for customer mind share [14][22] Other Important Information - The company repurchased $348.5 million of its ADS during the quarter as part of a $1 billion buyback program [13][39] - Cash and cash equivalents and restricted cash amounted to RMB18.3 billion as of June 30, 2023 [18] Q&A Session Summary Question: Consumer sentiment and GMV trend - Management noted that GMV is tracking in line with guidance of 0% to 5% revenue growth, with expectations for stronger growth in Q4 due to higher ticket sizes for winter apparel [21][22] Question: Improved gross margin sustainability - Management attributed improved gross margin to effective cost control and does not expect significant swings in margins going forward [24][25] Question: Future growth guidance and factors affecting it - The 0% to 5% revenue growth guidance is primarily due to slow momentum in the apparel category during Q3, with expectations for stronger growth in Q4 [30][31] Question: Return rate trends - Management indicated that return rates have been trending up, with Q3 expected to maintain similar levels as Q2, but initiatives are in place to normalize this [32][33] Question: Share buyback strategy - The company does not have a specific philosophy for buybacks but will repurchase shares when they are undervalued [38][39] Question: Super VIP member contribution - As of June 30, there were 6.7 million Super VIP members, contributing to 44% of online spending [44]