Company Earnings Update 2 minutesRegister for Free AccessZalando (XTRA: ZAL) 2Q18 Results: Slowing Growth and Rising Costs Prompt Lower Full-Year Guidance Coresight Research August 8, 2018 Executive Summary In 2Q18, Zalando grew revenues by 20.9% year over year, but undershot expectations on revenues and EPS. Greater discounting negatively impacted the gross margin, while an increase in fulfillment costs and investments in services for customers prompted a year-over-year erosion in the EBIT margin. Management adjusted its guidance for FY18, stating that it expects full-year revenue growth to be in the lower half of its of previously stated 20%–25% target range. Guidance for FY18 adjusted EBIT was similarly lowered. 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: Consumers Skeptical About the Economy, But Cautiously Optimistic About Their Own Finances: US Consumer Survey Insights 2023, Week 44March 2023 Leading Indicators of US Retail Sales: Mid-Single-Digit Growth Amid Growing Consumer SentimentMarket Navigator: US Beauty—Inclusivity, Premiumization and Innovation Lead the WayRealty Income Begins 2023 with Portfolio Expansion
