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Baozun Beats Revenue Estimates with Strong Q1 Growth, Shares Surge
Baozun Inc (NASDAQ: BZUN) reported a fiscal first-quarter 2024 revenue growth of 4.9% year-on-year to 1.98 billion Chinese yuan ($274.2 million), beating the analyst consensus estimate of $269.6 million.
Adjusted loss per ADS was $0.03, compared to the analyst consensus estimate of $0.00. The stock price gained after the results.
The increase in total net revenues was mainly due to higher product sales revenue of Brand Management.
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