Investing.com UK - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Baozun Registers 5.2% Revenue Decline In Q4 Due To Weaker Consumption Sentiment; Margin Plunges

Published 10/03/2022, 12:21
Updated 10/03/2022, 13:10
© Reuters. Baozun Registers 5.2% Revenue Decline In Q4 Due To Weaker Consumption Sentiment; Margin Plunges
ICON
-
BZUN
-

  • Baozun Inc (NASDAQ: BZUN) reported a fourth-quarter FY21 revenue decline of 5.2% year-on-year to $497.9 million, missing the consensus of $503.7 million.
  • Drivers: Gross Merchandise Volume (GMV) rose 13.7% Y/Y to RMB26 billion. Distribution GMV decreased 16% Y/Y to RMB1.4 billion. The non-distribution GMV climbed 16% Y/Y to RMB24.6 billion.
  • Segments: Product sales revenue declined 16.6% Y/Y to $193 million. Services revenue rose 3.8% Y/Y to $304.9 million.
  • The non-GAAP operating margin plummeted 780 bps to 2.2%. Non-GAAP income from operations of RMB71.0 million ($11.1 million), compared to RMB333.1 million in Q4 FY20.
  • Non-GAAP earnings per ADS of $0.17 beat the consensus of $0.14.
  • Baozun held $737.5 million in cash and equivalents.
  • Vincent Qiu, Chair and CEO, commented, "Although a weaker consumption sentiment permeates the fourth quarter, we continue to see acceleration in the deployment of omnichannel strategy."
  • Price Action: BZUN shares traded lower by 3.55% at $8.70 in the premarket session on the last check Thursday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.