Baozun (BZUN), a China-based e-commerce company, on Wednesday reported Q1 non-GAAP earnings of RMB0.89 ($0.13) per ADS, up from RMB0.54 a year ago and topping the RMB0.86 average estimate from analysts polled by Capital IQ.
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Revenue increased to RMB1.29 billion from RMB921.2 million a year earlier, driven by the acquisition of new brand partners and the growth of Baozun’s consignment and service fee models. The CapIQ consensus wast RMB1.28 billion.
For Q2, Baozun said it expects revenue to grow 34% to 38% year on year to between RMB1.55 billion and RMB1.60 billion. Analysts surveyed by CapIQ are expecting RMB1.56 billion.
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