During Thursday’s Afternoon trade, Shares of Jumei International Holding Limited (NYSE:JMEI), lost -22.53% to $12.96, hitting its lowest level.
Jumei International Holding Limited, stated its unaudited financial results for the second quarter ended June 30, 2015.
Total net revenues were US$308.1 million, an enhance of 99.5% from US$154.4 million in the second quarter of 2014. The enhance was primarily attributable to the enhances in the number of active customers and total orders, which in turn resulted primarily from the high volumes generated by Jumei Global in addition to the shift from beauty product marketplace sales to merchandise sales. The number of active customers raised by 28.0% to about 6.4 million from about 5.0 million in the same period of 2014. The number of total orders raised by 58.2% to about 17.4 million from 11.0 million in the same period of 2014.
Gross profit was US$92.3 million, an enhance of 29.1% from US$71.5 million in the second quarter of 2014. Gross profit as a percentage of net revenues reduced to 30.0% from 46.3% in the same period of 2014. The decrease was primarily due to the shift from beauty product marketplace sales to merchandise sales. Gross profit as a percentage of net GMV reduced slightly to 24.5% from 24.7% in the same period of 2014. Gross profit from merchandise sales as a percentage of net GMV of merchandise sales reduced to 27.7% from 32.8% in the same period of 2014. The decrease was primarily due to changes in product mix.
Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children.
Shares of KeyCorp. (NYSE:KEY), declined -1.88% to $14.37, during its current trading session.
KeyCorp declared that Don Kimble, Chief Financial Officer, and Chris Gorman, President of Key Corporate Bank, will present at the Barclays Global Financial Services Conference in New York City on Friday, September 18, 2015, at 9:00 a.m. ET.
KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Finally, Stage Stores Inc. (NYSE:SSI), lost -27.63%, and is now trading at $12.23, hitting its lowest level.
Stage Stores stated financial results for the second quarter ended August 1, 2015. Sales raised 0.9% and comparable sales raised 0.8%. On an adjusted basis, net income was $7.0 million, or $0.22 per diluted share contrast to $0.35 per diluted share in the preceding year.
The Company also declared that, as part of a planned evaluation of its real estate portfolio, it has launched a multi-year plan to close about 90 underperforming stores representing 4% of total sales.
Stage Stores, Inc. operates as a specialty department store retailer in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods.
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