- VIPS2020-11-09
VIPS: Improving Demand for Apparel Drive Better 3Q20 Performance
VIPS will report 3Q20 results on November 13th before the markets open with a 7:30am EST conference call. We are positive into Vipshop’s 3Q20 earnings. While fashion category did not enjoy high growth during China’s e-commerce hike in 2Q20, it significantly improved in 3Q20. VIPS has been increasing its efforts to promote KuaiQiang (快抢) as one of its growing channels. Based on our data and calculations, we believe VIPS’s 3Q20 revenue is likely to be at least in line but highly likely to be bette…… - VIPS2020-10-09
T.H. Data Flash – Vipshop – August & 3Q20E: Growth In Apparel And Fashion Picking Up In July And August; Positive For 3Q20 Performance
We are positive into Vipshop’s potential performance in 3Q20E. While fashion category did not enjoy high growth during China’s e-commerce hike in 2Q20, the growth picked up in both July and August 2020 with 18.5% Y/Y and 15.2% Y/Y growth, respectively, which significantly improved from 2.3% Y/Y decline in 2Q20. The newer channels, Fengqiang (疯抢) and KuaiQiang (快抢), are growing channels, and VIPS has been increasing its efforts in these channels. …… - VIPS2020-08-18
VIPS: Pandemic Pushing Non-Essential Goods From Offline To Online; Post Pandemic Cautiousness Sustaining Such Move; Expect VIPS To Deliver Better 2Q20 Results
VIPS will report 2Q20 results on August 19th before the markets open with a conference call at 7:30am EST. Based on our data and calculations, we believe VIPS’s 2Q20 revenue is likely to be better than consensus at RMB23,789M (4.6% Y/Y growth) and high end of its guidance (RMB22.7B – RMB23.8B). For 3Q20, we expect VIPS to continue to benefit from high demand of e-commerce as offline traffic is significantly reduced even after the pandemic due to cautiousness, which not only drives users to shop …… - VIPS2019-11-07
VIPS: Consistent Topline Growth With Consistent Margin Improvement As A Result Of Execution Of Renewed Strategy; Expect Better 3Q19
VIPS will report 3Q19 results on November 13th before the markets open with a conference call at 7:30am EST. Since the beginning of 2019, VIPS has adjusted its business strategy by re-focusing on what it is good at – apparel off season sales. The execution of this renewed strategy actually led VIPS to accomplish moderate topline growth and improvement of its margins. We are expecting a similar trend in 3Q19. Based on our data and calculations, we believe VIPS’s 3Q19 revenue is likely to be RMB18…… - VIPS2019-08-12
VIPS: Continuing Efforts of Making VIPS A Better Company By Focusing On Profitability And New Growth Drivers
VIPS will report 2Q19 results on August 14th after the markets close followed by a conference call the next day at 8am EST. Based on our data and calculations, we believe VIPS’s 2Q19 revenue is likely to be slightly above consensus at RMB21.58B (4.1% Y/Y growth) and the high-end of its guidance range of RMB20.7B – 21.7B, or 0% - 5% Y/Y growth. However, the Company’s focus is its profitability. We did not see abnormal spending in sales and marketing. Therefore, we also expect better margins in 2Q…… - VIPS2019-02-15
VIPS: Transitioning 4Q18 For A Better Future; Expect Inline 4Q18
VIPS will report 4Q18 results on February 20th after the markets close followed by a conference call the next day at 8am EST. In 4Q18, the company continues to work on transitioning back to its previous business model and has been making improvements to it. Based on our data, we believe VIPS’ revenue in 4Q18 is likely to be in the middle of its guidance range of RMB26.1B – RMB27.3B (8% - 13% Y/Y growth), largely in line with consensus at RMB26,871M and slightly higher than our model at RMB26,608…… - VIPS2018-11-12
VIPS: Transitioning In 2H2018 With Lower Revenue Growth But Margins Are Recovering
VIPS will report 3Q18 results on November 14th after the markets close followed by a conference call the next day at 8am EST. Based on our data, we believe VIPS’ revenue in 3Q18 is likely to be RMB17,561M (+14.7% Y/Y), at the middle of its guidance range of RMB17.3B – 18.1B (13% - 18% Y/Y growth) and largely inline with consensus at RMB17,600M, and slightly higher than our model at RMB17,361M. …… - VIPS2018-05-12
VIPS: Benefiting From Traffic Support From 2Q18 Onward
VIPS will report 1Q18 results on Monday, May 14th after the markets close followed by a conference call the next day at 8am EST. Based on our data, we believe VIPS’ revenue in 1Q18 is likely to be around RMB20,334.3M or 27.5% Y/Y growth, slightly better than consensus at RMB19,543.9M (22.5% Y/Y growth) and above the high end of guidance range at RMB19.1B – 19.9B (20% - 25% Y/Y growth). …… - VIPS2018-01-16
T. H. Data Flash - Vipshop Holdings (VIPS) – December & Preliminary 4Q17: Expect Faster Growth in 2018 Fueled By Traffic from JD and Tencent and Slightly Better 4Q17
While VIPS’s 4Q17 performance may be inline, we believe its 2018 can enjoy faster growth due to the traffic help from JD (JD, $46.40, Buy) and Tencent (700.HK, HK$444.20, Not Rated). Based on our data, we believe VIPS’ revenue in 4Q17 is likely to be around RMB23,484.3M (23.7% Y/Y growth), slightly better than consensus at RMB23,311.0M (22.8% Y/Y growth) driven by higher price of SKUs sold. …… - VIPS2016-08-13
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – 2Q16: Expect Solid 2Q16 Revenue Results; Margin May Be Under Pressure; Slower July May Lead to In-Line 3Q16 Guidance
VIPS will report 2Q16 results on Monday, August 15 after the market close with a conference call the next day at 8am EST. Based on our data, VIPS is likely to report its revenue better than consensus expectations, but margin may not improve as there are more promotions. However, 3Q16 guidance may be in-line with the Street as our data show that the sold-out SKU days and sold-out rates in July did not outperform compared with 2Q16.…… - VIPS2016-05-18
T.H. Capital - T. H. Data Flash – Vipshop Holdings Limited (VIPS) – 1Q16 & Apr. 2016
VIPS is going to report its 1Q16 results on Tuesday, May 17, 2016 after market close and will hold a conference call on Wednesday, May 18, 2016 at 8:00 am. Based on our proprietarydata and calculations, we believe VIPS is likely to report 1Q16 revenue resultat about 44% - 48% Y/Y better than consensus expectation at 43% Y/Y growth.…… - VIPS2016-02-24
VIPS: Data Suggest Better 4Q15 Results; Inline 1Q16 Guidance
VIPS will report 4Q15 results on Wednesday, February 25th before the markets open with an 8am EST conference call. We are expecting VIPS to report 4Q15 revenue better than consensus due to the growth in its SKU-days and better sold-out rate. However, for 1Q16, we don’t expect the company to provide guidance higher than current consensus at 43% Y/Y revenue growth as the company is getting mature. …… - VIPS2016-01-12
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – 4Q15 & Dec. 2015: Relative Better Growth in the Number of SKU Days in 4Q15
October 1 – December 31, 2015 Operating Data Highlights:Data in this report is extracted from publicly available sources and processed with our proprietary methodology. Please contact us for detailed information.•Relative better growth in the number of SKU days and sold-out SKU days in 4Q15 – When VIPS shortened the duration of each of its sales events from 5 days to 3 days, the duration of the days of SKU display became a variable. Therefore, we introduced a new set of metrics - SKU days and so…… T. H. Data Flash – VIPS & JMEI – Cosmetic Sales: Who is Cheaper? Price Comparison of Cosmetic Brands
We compared 166 SKUs of 30 cosmetic brands that were listed for sale for the past 180 days on both vip.com and jumei.com platforms, and we find that in general JMEI prices are higher than VIPS. The majority of these brands are international brands including Estee Lauder, Elizabeth Arden, Biotherm, SK-II, Clarins, Clinique and many others (Figure 1). ……- VIPS2015-10-07
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – September 2015: Small Promotions to Drive SKUs’ Growth in 3Q15; App Mobile Downloads Continue to Accelerate
•No large scale promotional activities in 3Q15 - During 3Q15, VIPS did not have any large scale promotional activities, which is the new normal going forward Instead, the company had several small promotions during the quarter, such as: 1) July 9th home products. ; 2) August 25th global products; 3) September 18th IN (fashion brands); 4) August 21st beauty products; 5) September 17th home products, among others (Figure 1).…… - VIPS2015-04-29
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – March 2015: SKUs Continue to Grow at High Speed in 1Q15; App Mobile Downloads Continue to Accelerate
January – March 31, 2015 Operating Data Highlights:Data in this report is extracted from publicly available sources and processed with our proprietary methodology. Please contact us for detailed information.•Number of flash sales events and SKUs continued to increase Y/Y in 1Q15 – For 1Q, the number of SKUs increased 102.6% Y/Y and 7.6% Q/Q (Figure 1), while the number of flash sales events increased 103.9% Y/Y and 6.1% Q/Q (Figure 2). For the month of March 2015, the number of flash sales event…… - VIPS2014-11-18
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – October 2014: Solid SKU Growth in 3Q14 Benefiting From Promotions; Colder 4Q14 Weather Could Be Better for Apparel Sales; App Mobile Downloads Continue to Accelerate
•Number of flash sales events and SKUs continued to grow rapidly in 3Q14 – In 3Q14, the number of SKUs increased 155.8% Y/Y (Figure 1) supported by a 181.4% Y/Y growth in the number of flash sales events (Figure 2). The rapid growth in events and SKUs can be partially contributable to its store wide promotion “撒娇节” on August 15th and 16th. The promotional events on these two days were 10X that of normal days. Also in 3Q14, the number of sold out SKUs grew 76.1% Y/Y (accounted for 23.1% of …… - VIPS2014-08-13
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – July 2014: Solid SKU Growth in 2Q14; Growth is Likely To Decelerate in July, But Pick Up in August Due to Promotions
T. H. Data Flash – Vipshop Holdings Limited (VIPS) – July 2014 Solid SKU Growth in 2Q14; Growth is Likely To Deceleratein July, But Pick Up in August Due to Promotions April - July 2014 Operating Data Highlights:Data in this report is extracted from publicly available sources and processed with our proprietary methodology.•Comprehensive search index decreased in July due to the lack of promotions, which may happenin August –Comprehensive search index of VIP.com (唯品会) increased 20.2% Y/Y in……
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