唯品会:服饰弱复苏及竞争影响收入与利润承压 SVIP会员数稳健增长

招商证券
20 Nov 2024

唯品会发布2024Q3 财报,本季度营业收入207 亿元,同比-9.2%,GMV 401元,同比-5.6%,Non-GAAP 归母净利润为13.1 亿元,同比-28.8%。本季度受服饰消费需求偏弱及竞争影响收入及利润增速进一步放缓,核心SVIP 会员维持同比双位数增长,未来公司预计持续优化会员权益及降低会员门槛,提升整体用户粘性及复购,长期看公司正品特卖心智+供应链优势下平台价值稳固,持续回购+...

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