Vipshop Holdings Limited (NYSE: VIPS) was a top gainer in yesterday’s session after it rallied to close with gains of 26.98%. This followed the company’s strong Q4 and 2019 full-year results.
The company reported that in Q4, it had total revenues of $4.2 billion. This was an increase of 12.4% compared to a similar quarter in the previous financial year. Total revenues for the full year also increased by 10% to $13.4 billion.
The company also reported that GMV for Q4 increased by 14% compared to a similar quarter in the previous financial year. For the full year, the company reported that GMV increased by 13% to hit RMB 131 billion. On top of that, the company reported that gross profit for Q4 rose by 30% to hit $1 billion. For the full year, gross profits increased by 21.2% to $3 billion.
Net income attributable to shareholders increased by 111.4% to hit $209.1 million in Q4 of 2019. For the full year, net income attributable to shareholders rose by 88.7% to $577 million compared to the previous year. Non-GAAP net income attributable to shareholders also increased by 114.4% in Q4 to hit $277.4 million.
The company also reported that the number of active customers increased by 19% in Q4, when compared to a similar quarter in the previous financial year. For the full year, the number of active customers rose by 14% to 69 million.
Commenting on the results, CEO Eric Shen stated that the company was happy to have finished 2019 with strong financial numbers. He especially took note of the company’s growing customer numbers that had played a role to the strong revenues.
Looking at its price action, VIPS was in a breakout in yesterday’s session. The stock opened the day at $14.85 and traded between a low of $14.67 and a high of $17.06, before closing the day at $16.66. Volumes in the day stood at 38.5 million.
About Vipshop Holdings Limited
Vipshop Holdings Limited is an online retailer that also offers financial services. The company is based in Guangzhou, China.