BEST Inc (NYSE:BEST)

$ 2.09 0.1 (5.03%) Market Cap: 42.01 Mil Enterprise Value: 440.11 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 54/100

Q2 2023 BEST Inc Earnings Call Transcript
Aug 24, 2023

$2.66 (+9.02%)

Earnings
Q1 2023 BEST Inc Earnings Call Transcript
May 31, 2023

$2.57 (+0.78%)

Earnings
Q4 2022 BEST Inc Earnings Call Transcript
Mar 09, 2023

$3 (+3.42%)

Earnings
Q3 2022 BEST Inc Earnings Call Transcript
Nov 17, 2022

$2.4 (-4.76%)

Earnings
Q2 2022 BEST Inc Earnings Call Transcript
Aug 18, 2022

$5.48 (-0.72%)

Earnings
Q1 2022 BEST Inc Earnings Call Transcript
Jun 09, 2022

$4.24 (-11.67%)

Earnings
Q4 2021 BEST Inc Earnings Call Transcript
Mar 09, 2022

$12.82 (+3.39%)

Earnings
Q3 2021 BEST Inc Earnings Call Transcript
Nov 17, 2021

$23.2 (-4.13%)

Earnings
Q2 2021 BEST Inc Earnings Call Transcript
Aug 18, 2021

$20.6 (-2.83%)

Earnings
Q1 2021 BEST Inc Earnings Call Transcript
Jun 09, 2021

$28.8 (-11.11%)

Earnings
Q4 2020 BEST Inc Earnings Call Transcript
Mar 11, 2021

$43.2 (-7.69%)

Earnings
Q3 2020 BEST Inc Earnings Call Transcript
Nov 20, 2020

$57.4 (-4.65%)

Earnings
Q2 2020 BEST Inc Earnings Call Transcript
Aug 18, 2020

$89.6 (+5.16%)

Earnings
Q1 2020 BEST Inc Earnings Call Transcript
May 28, 2020

$97.4 (+0.21%)

Earnings
Q4 2019 BEST Inc Earnings Call Transcript
Mar 12, 2020

$100.8 (+1.41%)

Earnings
Q3 2019 BEST Inc Earnings Call Transcript
Nov 13, 2019

$111.6 (+0.18%)

Earnings
Q2 2019 BEST Inc Earnings Call Transcript
Aug 13, 2019

$90 (-8.16%)

Earnings
Q1 2019 BEST Inc Earnings Call Transcript
May 14, 2019

$99.2 (-8.66%)

Earnings
Q4 2018 BEST Inc Earnings Call Transcript
Mar 05, 2019

$131.8 (+5.61%)

Earnings

Q2 2023 BEST Inc Earnings Call Transcript

Aug 24, 2023 / 01:00AM GMT

Release Date Price: $2.66 (+9.02%)

Transcript

Operator

Good day, and welcome to the BEST Inc. Second Quarter 2023 Results Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Johnny Chou, Chairman and CEO. Please go ahead.

Shao;Ning Chou

BEST Inc. - Founder, Chairman of the Board & CEO

Thank you, operator. Hello, everyone, and thank you for joining BEST's second quarter 2023 earnings call today.

We are reporting another outperformed quarter achieving both top line growth and bottom line improvements across our business. Our group gross margin turned positive at 4.2% in the second quarter, and we narrowed our net loss by 48.7% year-over-year.

BEST Freight and the BEST Supply Chain Management each reached non-GAAP profitability and generated positive operating cash flow for the quarter. Meanwhile, BEST Global continued to bounce back from the impact of COVID, delivering improved revenue and gross margin with ongoing momentum in cross-border volume and revenue on a quarter-over-quarter

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