New Street Research - Vipshop Holdings Ltd Sponsored ADR (VIPS) VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

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New Street Research

Jin Yoon

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

What’s New: We lower our 2Q25 top line estimates towards the lower end of the guided range as sales momentum in apparel slowed down in the month of Jun due to prolonged promotion event.

Analysts:
Jin Yoon

30/06/2025 1 EN

Underlying

Vipshop Holdings Ltd Sponsored ADR

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US92763W1036 New York Stock Exchange United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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VIPS 1Q25 Results: Consumer Sentiment Trending Better, but Uncertainty Remains

What’s new: Vipshop’s reported 1Q25 results that were largely in line with consensus and our expectations. While consumer sentiment has been trending better in Apr and May, the rev guidance implies that there are still uncertainties in the recovery trend for the rest of the quarter. Margins could remain stable amid continued cost controls. We maintain our PT at USD13. Analysts: Jin Yoon

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VIPS: 1Q25 Flash: Guide Largely in Line

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VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

VIPS 1Q25 Results: Consumer Sentiment Trending Better, but Uncertainty Remains

VIPS: 1Q25 Flash: Guide Largely in Line

Thai Telcos Auction concludes, no major surprises

Microsoft vs. OpenAI: Implications for investors?

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