Shares of Fast-Fashion Platform Shein Fall 6% After Quarterly Profit Slides 67%
- 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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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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
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.
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