28th Sep 2026 15:19
(Alliance News) - Fast-fashion retailer Shein reported Monday that its operating profit, or adjusted earnings before interest and taxes, dropped 50.4% in the first half of this year.
"We expect the external environment to remain uncertain in the second half of 2026, with tariff headwinds and logistics cost volatility likely to persist," Shein's chairman Sky Xu said in a filings to Hong Kong stock exchange, adding that the retailer still remains "cautiously optimistic" for the rest of this year.
The company's net income attributable to shareholders reached USD2.3 billion in the first six months of 2026, up from USD1.1 billion in the same period of last year.
source: AFP
Copyright 2026 Alliance News Ltd. All Rights Reserved.