Company Earnings Update 3 minutesRegister for Free AccessZalando (XTRA: ZAL) 1Q19 Results: Higher Fulfillment and Administrative Costs Hurt Profits; Guidance Intact Coresight Research May 3, 2019 Executive Summary Zalando reported 1Q19 sales of €1.38 billion, up 15.2% year over year and in line with the consensus estimate recorded by StreetAccount. The company’s adjusted operating income grew 1,500% to €6.4 million, with an operating margin of 0.5%. Zalando maintained its earlier guidance for FY19 and expects GMV growth in the range of 20% to 25% and revenue growth at the low end of the 20% to 25% range. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Mass Merchandisers Gain from Cyber Monday: US Consumer Survey Insights 2023, Week 50Avoidance Stabilizes: China Consumer TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 30: US Openings Up 7%Market Navigator: US Grocery Retailing—Executive Summary