Vipshop Holdings (VIPS)
Want to make an impulse purchase at a discount? A lot of Chinese sure do, and feeding that desire is online flash sale site Vipshop Holdings (VIPS). The company grew at a breakneck pace during Q1, with year-over-year sales spiking 126% to $701.9 million. That impressive top line easily bested expectations for revenue of just $658.9 million. The company sees no signs of slowing in Q2, expecting revenue for the next three months to be between $780 million and $790 million — nearly a 125% growth rate on the top end.
Reaction to the strong earnings report last week was overwhelmingly bullish on the part of Wall Street, as VIPS stock was upgraded by several firms, including Deutsche Bank, Brean Capital and Goldman Sachs. Yet perhaps the most impressive thing about VIPS stock is the price performance. Year-to-date, VIPS stock is up an amazing 97%, and the shares are up nearly 400% in a little more than a year.