Company Earnings Update 2 minutesRegister for Free AccessZalando (XTRA: ZAL) 1Q17 Results: Strong Revenue Growth Driven by Expanding Customer Base Coresight Research May 10, 2017 Executive Summary Zalando reported 1Q17 group revenue of €980.2 million, up 23.1% on a reported basis and above the consensus estimate of €978.8 million. The company’s gross margin contracted by 50 basis points year over year, to 41.4%, and its adjusted EBIT margin declined to 2.1%. Diluted EPS remained stable at €0.02 in 1Q17. A growing customer base that ordered more often translated into strong revenue growth. Continued investment in infrastructure and the customer and brand propositions translated into a decrease in gross margin and operating margin. Zalando reiterated its FY17 revenue guidance of 20.0%–25.0% growth. The company expects an adjusted EBIT margin of 5.0%–6.0% for the full year. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: August 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineTemu Growth and Challenges in the US Market: A Six-Month Follow-UpOctober 2023 Monthly Consumer Update: US, UK and ChinaInsights Video: Shoptalk 2023 Highlights