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Shein Returns to Profit, Europe Sales Down 14%
- Shein reported a return to profitability in the second quarter, posting $2.40 billion in net income and $11.08 billion in sales compared to a $99 million loss in the prior quarter.
- An increase in total orders fulfilled supported a more than 20% sequential jump in net revenue, though the Iran conflict continued to impact operations in the Middle East.
- Europe sales decreased by nearly 14% to $3,770 million, reflecting weaker volumes as the company anticipated the European Union imposing fees on low-value e-commerce parcels.
- Since the Sept 1 debut in Hong Kong, Shein shares have dropped 27.3% from the offer price, as investors fret about growth and European Union regulatory risks.
- These second-quarter results represent the first financial report for The Singapore-headquartered retailer as a public company, underscoring its initial public offering milestone.
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The low-cost fashion giant Shein sees its growth slow and its operating result fall by half as a result of the new customs taxes The fast fashion giant Shein seems
·France
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Quick fashion giant Shein reported on Monday, September 28, a 50.4% drop in its operating profit, i.e. earnings before accounting for interest and taxes, in the first half of 2026.The company founded in China indicated that the net result attributable to shareholders totaled $2.3 billion in the first six months of 2026, compared to 1,100 in the same period last year.
Volkskrant+4 Reposted by 4 other sources
Online retailer Shein reported lower revenue in Europe in the second quarter. According to the Chinese company, sales declined due to, among other things...
·Amsterdam, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources34
Leaning Left4Leaning Right8Center8Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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