When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Vipshop Holdings Limited (VIPS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Vipshop Holdings Limited currently has an avera ...

Vipshop Holdings Limited (NYSE:VIPS) Q4 2023 Earnings Conference Call February 28, 2024 7:30 AM ET Company Participants Jessie Zheng - Head of Investor Relations Eric Shen - Co-Founder, Chairman and CEO Mark Wang - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Eddy Wang - Morgan Stanley Ronald Keung - Goldman Sachs Andre Chang - JPMorgan Operator Ladies and gentlemen, good day everyone and welcome to Vipshop Holdings Limited's Fourth Quarter and Full-Year 2023 Earnings Conferen ...

Vipshop Holdings Limited (VIPS) is set to report fourth-quarter 2023 results on Feb 28.VIPS expects fourth-quarter total net revenues between RMB 31.8 billion and RMB 33.3 billion, indicating growth of 0-5% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for revenues is pegged at $4.66 billion, suggesting growth of 1.2% from the year-ago reported figure.The consensus mark for earnings per share is pegged at 74 cents per share, indicating growth of 39.6% from the prior-year reporte ...

[Fourth Quarter and Full Year 2023 Highlights](index=1&type=section&id=Fourth%20Quarter%20and%20Full%20Year%202023%20Highlights) Vipshop achieved significant year-over-year growth in key financial and operational metrics for both Q4 and the full year 2023, including GMV, net revenues, and net income Q4 2023 Key Performance Indicators (YoY Growth) | Metric | Q4 2023 Value | YoY Growth | | :--- | :--- | :--- | | Total Net Revenues | $34.7 billion | +9.2% | | GMV | $66.4 billion | +21.9% | | Gross Profit | $8.2 billion | +19.3% | | Net Income (Attributable) | $3.0 billion | +32.2% | | Non-GAAP Net Income (Attributable) | $3.2 billion | +43.4% | | Active Customers | 48.5 million | +2.3% | | Total Orders | 234.3 million | +7.2% | Full Year 2023 Key Performance Indicators (YoY Growth) | Metric | Full Year 2023 Value | YoY Growth | | :--- | :--- | :--- | | Total Net Revenues | $112.9 billion | +9.4% | | GMV | $208.0 billion | +18.7% | | Gross Profit | $25.7 billion | +19.0% | | Net Income (Attributable) | $8.1 billion | +28.9% | | Non-GAAP Net Income (Attributable) | $9.5 billion | +39.1% | | Active Customers | 87.4 million | +3.9% | | Total Orders | 812.3 million | +9.8% | [Management Commentary](index=2&type=section&id=Management%20Commentary) Management attributed strong 2023 results to effective merchandising, achieving record profitability and GMV, and initiating an annual dividend policy to enhance shareholder returns - CEO Eric Shen highlighted that the company's strategy focusing on discount retail for brands paid off, leading to increased customer loyalty, double-digit growth in active Super VIP members, and annual GMV crossing **$200 billion** for the first time[5](index=5&type=chunk) - CFO Mark Wang noted that 2023 was the most profitable year in Vipshop's history, driven by efficiency improvements, and announced the board's approval of an annual cash dividend policy, reflecting confidence in future growth and commitment to shareholder value[5](index=5&type=chunk) [Fourth Quarter 2023 Financial Results](index=2&type=section&id=Fourth%20Quarter%202023%20Financial%20Results) Vipshop's Q4 2023 financial performance showed robust growth in total net revenues, significant improvements in gross and operating margins, and a substantial increase in net income attributable to shareholders Q4 2023 Financial Performance vs. Q4 2022 | Financial Metric | Q4 2023 | Q4 2022 | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenues | $34.7B | $31.8B | +9.2% | | Gross Profit | $8.2B | $6.9B | +19.3% | | Gross Margin | 23.7% | 21.7% | +2.0 p.p. | | Income from Operations | $3.7B | $2.5B | +46.2% | | Operating Margin | 10.6% | 7.9% | +2.7 p.p. | | Net Income (Attributable) | $3.0B | $2.2B | +32.2% | | Diluted ADS | $5.35 | $3.66 | +46.2% | Q4 2023 Operating Expenses Analysis | Expense Category | Amount ($) | % of Revenues | YoY Change | | :--- | :--- | :--- | :--- | | Fulfillment Expenses | $2.5 billion | 7.3% | +17.0% | | Marketing Expenses | $843.2 million | 2.4% | -10.7% | | Technology & Content | $496.4 million | 1.4% | +21.5% | | General & Administrative | $1.0 billion | 2.9% | -11.7% | | **Total Operating Expenses** | **$4.9 billion** | **14.0%** | **+4.8%** | - As of December 31, 2023, the company held **$26.3 billion** in cash, cash equivalents, and restricted cash, and **$2.0 billion** in short-term investments[16](index=16&type=chunk) - Net cash generated from operating activities in Q4 2023 was **$8.7 billion**, a significant increase from **$6.5 billion** in Q4 2022[16](index=16&type=chunk)[17](index=17&type=chunk) [Full Year 2023 Financial Results](index=4&type=section&id=Full%20Year%202023%20Financial%20Results) Vipshop's full year 2023 results showed a 9.4% increase in total net revenues, significant improvements in gross and operating margins, and substantial growth in both GAAP and non-GAAP net income Full Year 2023 Financial Performance vs. Full Year 2022 | Financial Metric | Full Year 2023 | Full Year 2022 | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenues | $112.9B | $103.2B | +9.4% | | Gross Profit | $25.7B | $21.6B | +19.0% | | Gross Margin | 22.8% | 21.0% | +1.8 p.p. | | Income from Operations | $9.1B | $6.2B | +46.9% | | Operating Margin | 8.1% | 6.0% | +2.1 p.p. | | Net Income (Attributable) | $8.1B | $6.3B | +28.9% | | Diluted ADS | $14.42 | $9.83 | +46.7% | Full Year 2023 Non-GAAP Performance vs. Full Year 2022 | Non-GAAP Metric | Full Year 2023 | Full Year 2022 | YoY Change | | :--- | :--- | :--- | :--- | | Non-GAAP Income from Operations | $10.6B | $7.4B | +43.3% | | Non-GAAP Operating Margin | 9.4% | 7.2% | +2.2 p.p. | | Non-GAAP Net Income (Attributable) | $9.5B | $6.8B | +39.1% | | Non-GAAP Diluted ADS | $16.90 | $10.67 | +58.4% | - For the full year 2023, net cash generated from operating activities was **$14.4 billion**, up from **$10.5 billion** in 2022, and free cash inflow increased to **$9.3 billion** from **$7.8 billion** in the prior year[22](index=22&type=chunk)[23](index=23&type=chunk) [Shareholder Returns](index=5&type=section&id=Shareholder%20Returns) Vipshop is enhancing shareholder value through ongoing share repurchases and the introduction of a new annual cash dividend policy, demonstrating confidence in future performance - Under its **$1 billion** share repurchase program (effective through March 2025), the company repurchased **$3.4 million** of its ADSs in Q4 2023, leaving an unutilized amount of **$548.1 million**[24](index=24&type=chunk) - On February 22, 2024, the board adopted an annual cash dividend policy[25](index=25&type=chunk) 2023 Annual Dividend Details | Metric | Value | | :--- | :--- | | Dividend per Ordinary Share | $2.15 | | Dividend per ADS | $0.43 | | Total Payout Amount | Approx. $250 million | | Record Date | March 15, 2024 | | Payment Date | April 8, 2024 | [Business Outlook](index=6&type=section&id=Business%20Outlook) Vipshop forecasts Q1 2024 total net revenues to range between $27.5 billion and $28.9 billion, representing a year-over-year growth of approximately 0% to 5% - The company expects total net revenues for Q1 2024 to be between **$27.5 billion** and **$28.9 billion**[27](index=27&type=chunk) - This revenue guidance represents a year-over-year increase of approximately **0% to 5%**[27](index=27&type=chunk) [Financial Statements (Unaudited)](index=9&type=section&id=Financial%20Statements%20%28Unaudited%29) This section presents the unaudited condensed consolidated financial statements, including statements of income, balance sheets, and GAAP to Non-GAAP reconciliations for Q4 and full year 2023 - Presents the Unaudited Condensed Consolidated Statements of Income and Comprehensive Income for the three and twelve months ended December 31, 2023, compared to the same periods in 2022[35](index=35&type=chunk)[36](index=36&type=chunk) - Includes the Unaudited Condensed Consolidated Balance Sheets as of December 31, 2023, compared to December 31, 2022[38](index=38&type=chunk)[39](index=39&type=chunk) - Provides detailed reconciliations of GAAP financial measures to their corresponding Non-GAAP measures, such as income from operations and net income attributable to shareholders[40](index=40&type=chunk)

GUANGZHOU, China, Feb. 20, 2024 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024, before the US market open. The Company will hold a conference call on Wednesday, February 28, 2024, at 7:30 am US Eastern Time, 8:30 pm Beijing Time to discuss the financial results. All participants wishing to ...

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 ...