Overview

* Vipshop Q2 2025 revenue falls to RMB25.8 bln ($3.6 bln) from RMB26.9 bln yr/yr

* Net income attributable declines to RMB1.5 bln from RMB1.9 bln yr/yr

* GMV rises 1.7% to RMB51.4 bln, driven by apparel and Super VIP growth

Outlook

* Company expects Q3 2025 revenue between RMB20.7 bln and RMB21.7 bln

Result Drivers

* APPAREL PERFORMANCE - Apparel categories contributed to GMV growth, according to CEO Eric Shen

* SUPER VIP GROWTH - Double-digit growth in Super VIP memberships supported GMV increase, per CEO Eric Shen

* OPERATING EXPENSES - Increase in general and administrative expenses impacted overall profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 RMB

Revenue 25.80

bln

Q2 RMB 2.10

Adjusted bln

Net

Income

Q2 Net RMB 1.50

Income bln

Q2 GMV RMB

51.40

bln

Q2 Gross RMB 6.10

Profit bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Vipshop Holdings Ltd ( VIPS ) is $16.10, about 1.6% above its August 13 closing price of $16.36

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)