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Vipshop +10.7% AH on Q1 beat, guidance; Dangdang +4%

Vipshop (VIPS) expects Q2 revenue of  $780M-$790M, far above a $685.6M consensus and good for 118% Y/Y growth at the midpoint.

Gross margin rose 40 bps Q/Q and 150 bps Y/Y to 24.9%. Opex rose 115% Y/Y (compares with rev. growth of 125.9%), thanks to 97.8%, 129%, 134.8%, and 146.1% respective increases in fulfillment, marketing, tech/content, and G&A spend.

Active customers rose by 1.7M Q/Q and 5.6M Y/Y to 7.4M. Total orders rose by 2.5M Q/Q and 11.4M Y/Y to 20.2M.

Chinese e-commerce peer Dangdang (DANG) is following Vipshop higher; the company reports tomorrow morning. (JD), which just set its IPO price range, has to be pleased with the Street's reaction to Vipshop's numbers.

Q1 results, PR

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Comments (2)
  • Elias Simpson
    , contributor
    Comments (42) | Send Message
    Don't forget my Fireswirl.
    14 May 2014, 08:27 PM Reply Like
  • www2280
    , contributor
    Comments (531) | Send Message
    Alibaba is going toward tech, adding social, targeting Tencent.
    JD has a challenge as how to use what Tencent just sold to it.
    DANG is profitable and JD is not. Following VIPS, DANG is adding flash sale.
    15 May 2014, 09:28 AM Reply Like
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