Shein shares plunge 14% to record low after profit slump
Shein Global Holdings shares fell nearly 14% in Hong Kong to a record low after the online fashion retailer reported a 67% drop in second-quarter profit in its first results since listing. Profit fell to US$228 million while revenue rose 1% to US$11 billion, and the company warned tariff pressures and volatile logistics costs would continue through year-end.
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South China Morning PostOriginal★★☆☆☆2026-09-29 03:53
- Shein shares sink after profits disappoint in first results since IPO
Shein shares plunged after the fast-fashion retailer reported disappointing profits in its first results since going public. Rising freight costs and fallout from the Iran war squeezed the company.
- Shein shares fall more than 6% after quarterly profit drops 67%
Shares of fast-fashion retailer Shein fell more than 6% on Tuesday after the company reported a 67% decline in quarterly profit, raising investor concerns about margin pressure and slowing growth.
