Shares of Fast-Fashion’s Shein Plunge 14% to Record Low After Profit Slides 67%

CNN Brasil

Factuality

Ownership

Numbers in the second quarter showed a fall in revenue and weak revenue growth, in a context of persistent tariff pressures and high logistics costs

alborsaanews.com

Factuality

Ownership

After declaring its quarterly profits to decline by 67% in its first business results since the company ' s initial general introduction, it was affected by rising oil costs, shipping, and customs duties. The adjusted net profit was $228 million in the second quarter, while the profit margin shrank to 2.1% from 6.2% [...].