- Baozun Inc (NASDAQ: BZUN) reported a first-quarter FY23 revenue decline of 4.9% year-on-year to $274.9 million, beating the consensus of $270.8 million.
- Gross Merchandise Volume (GMV) generated from non-TMALL marketplaces and channels accounted for 49% of total GMV during the quarter, compared with 40% for 2022.
- Segments: Product sales revenue declined 2.2% Y/Y to $96.99 million. Services revenue decreased 6.3% Y/Y to $177.9 million.
- The non-GAAP operating margin loss was (0.5)%. Non-GAAP loss from operations was $(1.4) million.
- Non-GAAP EPS loss per ADS was $(0.03) vs. the consensus of $0.00.
- Baozun held $422.5 million in cash and equivalents.
- Price Action: BZUN shares traded lower by 3.06% at $4.12 on the last check Thursday.
Instacart Reports Better-Than-Expected Q1 Results Driven By Large Order Numbers
Instacart reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of losses of 2 cents per share. Quarterly sales came in at $820 million which beat the analyst consensus estimate of $793.44 million by 3.35%.
