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: Weekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the USChina Consumer Tracker: Understanding Beauty ShoppersAnalyst Corner: AliExpress Fights for Share of Cross-Border E-Commerce with New Singles’ Day Push—with John MercerWeekly US and UK Store Openings and Closures Tracker 2023, Week 37: Wilko Again Drives UK Closures
