Shein reports Q2 revenue up 0.9% YoY to $11B and net income down 66% to $228M, in its first report since a Hong Kong IPO; its stock is ~30% below its IPO price (Tracy Qu/Wall Street Journal)

3 weeks ago 16

Tracy Qu / Wall Street Journal:
Shein reports Q2 revenue up 0.9% YoY to $11B and net income down 66% to $228M, in its first report since a Hong Kong IPO; its stock is ~30% below its IPO price — The China-founded company expects the external environment to remain uncertain in the second half of 2026

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