Insight Report 2 minutes PremiumZalando (XTRA: ZAL) 1Q18 Results: Beats on Top Line but Greater Discounting and Mounting Costs Lead to Operating Loss Coresight Research May 9, 2018 Executive Summary In the first quarter, Zalando grew revenues by 22% year over year, but discounting pressured the gross margin and operating costs climbed by 25%. Revenues for its core Fashion Store business grew by 20%. Management reiterated its guidance for FY18 revenue growth of 20%–25% and adjusted EBIT of €220–€270 million. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Coresight Bites: How Much Are Chinese Beauty Shoppers Spending?Weekly US and UK Store Openings and Closures Tracker 2023, Week 13: UK Closures Up 45%Research Preview: Market Navigator—US Mass Merchandisers, Warehouse Clubs and Discount StoresShoptalk 2023 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail Disruption