Key facts
- Shein reported a 67% slide in quarterly profit.
- The company's adjusted net profit was $228 million for the second quarter.
- Shein's profit margin narrowed to 2.1% from 6.2% year-on-year.
Shares of fast-fashion retailer Shein fell 6% on Tuesday after the company announced a 67% decrease in its second-quarter profit. The company's adjusted net profit for the period was $228 million, down from the previous year. Shein's profit margin also contracted, falling to 2.1% from 6.2% in the same quarter last year.