GUANGZHOU, China, Nov. 13,
2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS),
a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today
announced the preliminary results for the third quarter of 2015
ended September 30, 2015.
For the third quarter of 2015, the Company expects its total net
revenue to be between RMB8.6 billion and
RMB8.7 billion, representing a year-over-year growth rate of
approximately 61% to 63%. This is compared to the Company's
previous guidance for third quarter 2015 total net revenue of
RMB9.1 billion to RMB9.3 billion. The
weaker-than-expected preliminary third quarter results for total
net revenue are partially driven by the warmer-than-expected fall
weather in China, which caused
customers to delay purchases of relatively higher-priced autumn and
winter apparel.
These preliminary, unaudited results are based on management's
initial review of operations for the third quarter of 2015 ended
September 30, 2015, and remain
subject to change based on management's ongoing review of the third
quarter results.
Conference Call Information
The Company will report final results for the third quarter of
2015 as scheduled. The earnings release will be issued on
Tuesday, November 17, 2015 after
market close. The conference call will be held on Wednesday, November 18, 2015 at 8:00 am Eastern Time or 9:00 pm Beijing Time to discuss the financial
results.
Listeners may access the call by dialing the following
numbers:
United
States:
|
+1-845-675-0438
|
International Toll
Free:
|
+1-855-500-8701
|
China
Domestic:
|
400-1200654
|
Hong Kong:
|
+852-3018-6776
|
Conference ID:
|
#75283218
|
The replay will be accessible through November 25, 2015 by dialing the following
numbers:
United States Toll
Free:
|
+1-855-452-5696
|
International:
|
+61 2 90034211
|
Conference ID:
|
#75283218
|
A live and archived webcast of the conference call will also be
available at the Company's investor relations website at
http://ir.vip.com.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a leading online discount retailer
for brands in China. Vipshop
offers high quality and popular branded products to consumers
throughout China at a significant
discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a
sizeable and growing base of customers and brand partners. For more
information, please visit www.vip.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Vipshop's strategic and operational plans,
contain forward-looking statements. Vipshop may also make written
or oral forward-looking statements in its periodic reports to the
U.S. Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about Vipshop's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Vipshop's goals and strategies; Vipshop's
future business development, results of operations and financial
condition; the expected growth of the online discount retail market
in China; Vipshop's ability to
attract customers and brand partners and further enhance its brand
recognition; Vipshop's expectations regarding demand for and market
acceptance of flash sales products and services; competition in the
discount retail industry; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in
Vipshop's filings with the SEC. All information provided in this
press release and in the attachments is as of the date of this
press release, and Vipshop does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/vipshop-announces-preliminary-results-for-third-quarter-of-2015-300178383.html
SOURCE Vipshop Holdings Limited