Shein returns to profit in second quarter, but warns of uncertain second half - The Economic Times

Tech & Internet Shein returns to profit in second quarter, but warns of uncertain second half Reuters FILE PHOTO: A customer holds shopping bags with a Shein logo in the first physical space of online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo Synopsis An increase in total orders fulfilled supported a more than 20% sequential jump in Shein's second-quarter net revenue, although the Iran conflict continued to impact its Middle East operations. Follow us Reuters Sep 28, 2026, 07:19:23 PM IST SHARE THIS NEWS Close Font Size Abc Small Abc Normal Abc Large Close Listen to this article in summarized format Listen Fast-fashion platform Shein returned to profit in the second quarter and made $11.08 billion in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday. An increase in total orders fulfilled supported a more than 20% sequential jump in Shein's second-quarter net revenue, although the Iran conflict continued to impact its Middle East operations. The Singapore-headquartered online retailer posted a net income of $2.40 billion for the quarter ended June 30, compared with a net loss of $99 million in the previous quarter. Shein said its Europe sales decreased by nearly 14% to $3,770 million in the second quarter, reflecting weaker volumes due to higher prices and lower online advertising spending in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1. The company's shares had closed 0.5% higher at HK$35.28 before the results on Monday. Since its September 1 debut in Hong Kong, Shein's shares have dropped 27.3% from the offer price of HK$48.56 apiece. Continue Reading Read more news on Shein Q2 earnings Shein financial results Shein profits Shein sales growth Shein market performance Fast fashion companies (Catch all the Technology News News , and Latest News Updates on The Economic Times .) More NEXT READ Cerebras to supply AI systems to cloud computing startup Gimlet Labs MongoDB CEO Chirantan Desai steps down to lead Meta's enterprise platform Nvidia adds $150 billion to existing share repurchase plan Taiwan must deepen drone cooperation with democratic partners, president says Russia hits Ukraine's largest mobile provider, strikes data centres ETtech Explainer: All about TakeMe2Space, India’s first orbital computing satellite Apple and Amazon face revived UK consumer lawsuit over product sales TakeMe2Space to launch India’s first networked orbital data centre on SpaceX Falcon9 in 2028 TakeMe2Space to launch orbital computing satellite on SpaceX rocket