Chinese Retailer Vipshop's Stock Sinks as Q1 Sales, Active Customers Fall Short
1. Vipshop's Q1 revenue and active customers fell short of estimates. 2. Adjusted earnings and gross merchandise value exceeded expectations. 3. Q2 revenue projection is below analyst consensus expectations. 4. Shares fell 8.5% premarket but are up 15% this year. 5. CEO remarks indicate ongoing strategic efforts to return to growth.