Shein shares fell over 6% after quarterly profit plunged 67% to $228 million, while margins narrowed sharply. Higher freight and jet fuel costs pressured profitability. Shares have declined 27.3% since their Hong Kong debut. The company plans to address rising European inventory and expand higher-priced clothing to improve margins.
Shein shares fell over 6% after quarterly profit plunged 67% to $228 million, while margins narrowed sharply. Higher freight and jet fuel costs pressured profitability. Shares have declined 27.3% since their Hong Kong debut. The company plans to address rising European inventory and expand higher-priced clothing to improve margins.
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