Vipshop beats top-line and bottom-line estimates; initiates Q3 outlook

* Vipshop press release [https://seekingalpha.com/pr/20200556-vipshop-reports-unaudited-second-quarter-2025-financial-results] (NYSE:VIPS [https://seekingalpha.com/symbol/VIPS]): Q2 Non-GAAP EPADS of $0.57 beats by $0.01.
* Revenue of $3.6B (-3.98% Y/Y) beats by $20M.
* GMV[1] for the second quarter of 2025 increased by 1.7% year over year to RMB51.4 billion from RMB50.6 billion in the prior year period.
* The number of active customers[3] for the second quarter of 2025 was 43.5 million, compared with 44.3 million in the prior year period.
* Total orders[4] for the second quarter of 2025 were 193.0 million, compared with 197.8 million in the prior year period.
*
BUSINESS OUTLOOK

FOR THE THIRD QUARTER OF 2025, the Company expects its total net revenues to be between RMB20.7 billion and RMB21.7 billion, representing a year-over-year increase of approximately 0% to 5%.

MORE ON VIPSHOP

* Vipshop: Declining Fundamentals Amid Competition And The Need For Overseas Growth [https://seekingalpha.com/article/4789651-vipshop-declining-fundamentals-amid-competition-need-for-overseas-growth]
* Vipshop: Half The Stock Price Is Cash [https://seekingalpha.com/article/4789257-vipshop-half-the-stock-price-is-cash]
* Vipshop Holdings Limited (VIPS) Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4788487-vipshop-holdings-limited-vips-q1-2025-earnings-call-transcript]
* Vipshop Q2 2025 Earnings Preview [https://seekingalpha.com/news/4484807-vipshop-q2-2025-earnings-preview]
* Vipshop reports Q1 results [https://seekingalpha.com/news/4450365-vipshop-reports-q1-results]