US Stock Market Move | Guidance for Q4 appears slightly cautious as the stock price of Vipshop Holdings Ltd Sponsored ADR (VIPS.US) dropped against the market trend.

On Thursday, Vipshop Holdings Ltd Sponsored ADR (VIPS.US) stock price declined, as of the time of writing, the stock fell by over 1.8%, to $19.09. On the news front, the company released its third quarter 2025 financial report, with core performance slightly exceeding market expectations, demonstrating the resilience of the discount retail model in the slow recovery pace of consumption. The company's revenue for the quarter reached $3 billion, a 3.4% year-on-year increase, exceeding market expectations by $30 million; non-GAAP earnings per ADS were $0.42, exceeding expectations by $0.01, with stable profitability performance. In terms of business scale, the company's Gross Merchandise Value (GMV) increased to 43.1 billion yuan in the third quarter, a 7.5% year-on-year increase, significantly higher than the revenue growth rate, indicating an overall increase in average customer spending. The number of active customers during the same period reached 40.1 million, a 1.3% year-on-year increase; total order volume was 166.4 million, a 1.5% year-on-year increase. Against the backdrop of slowing user growth, the company successfully expanded its orders and GMV in sync. Looking ahead to the fourth quarter, Vipshop Holdings Ltd Sponsored ADR expects revenue to be between 33.2 billion and 34.9 billion yuan, with a year-on-year change in the range of 0% to 5%. Although the guidance is slightly cautious, the company stated that business demand is expected to maintain steady growth driven by year-end promotions.