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Shein 1Q NP Tops US$400M; Rev. Nears US$10B: Wire
Recommend 13 Positive 16 Negative 8 |
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Shein's first-quarter net profit exceled US$400 million, with revenue approaching US$10 billion. Bloomberg, citing people with the knowledge of the matter, reported. This was driven by consumers in the US stockpiling goods before the implementation of tariffs, boosting Shein's net profit margin to about 5%. AASTOCKS Financial News Website: www.aastocks.com |
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