Baozun Registers 8% Top-Line Decline In Q3

  • Baozun Inc (NASDAQBZUN) reported a third-quarter FY22 revenue decline of 8.3% year-on-year to $244.8 million, marginally beating the consensus of $244.5 million.
  • Drivers: Gross Merchandise Volume (GMV) rose 15.9% Y/Y to RMB18.6 billion. Distribution GMV decreased 28.8% Y/Y to RMB559 million. Non-distribution GMV climbed 18.2% Y/Y to RMB18.1 billion.
  • Segments: Product sales revenue declined 28.9% Y/Y to $69.9 million. Services revenue rose 3.8% Y/Y to $174.9 million.
  • The non-GAAP operating margin was 1.0%, up from (4.4)% a year ago. Non-GAAP income from operations was RMB16.9 million ($2.4 million), compared to RMB(84.3) million loss a year ago.
  • Non-GAAP loss per ADS of $(0.03) missed the consensus of $0.03.
  • Baozun held $407.6 million in cash and equivalents.
  • Vincent Qiu, Chair and CEO, commented, "Despite the ongoing challenging environment, I am encouraged with our business resilience. We continue to execute our medium-term plan with discipline, and strategically invest in our business to expand addressable market."
  • Price Action: BZUN shares traded higher by 4.56% at $4.36 in the premarket on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!