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Zalando (XTRA: ZAL) 2Q17 and 1H17 Results: Zalando Misses Quarterly Estimates, but Maintains Positive Full-Year Outlook

Executive Summary

  • Zalando reported 2Q17 revenues up 20.1% year over year, but below the consensus estimate. The adjusted EBIT margin for the quarter was 7.4%.
  • Zalando reported 1H17 revenue growth of 21.5%, just missing the consensus estimate, and the adjusted EBIT margin was 4.9%.
  • The company confirmed its FY17 guidance to deliver revenue growth in the 20.0%–25.0% range and for the adjusted EBIT margin to fall between 5.0% and 6.0%.

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