Company Earnings UpdateZalando (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikRetail Crime and Shrink: More Shoppers Say No to Locked-Up Merchandise; Self-Checkout Gets a MakeoverUS Tariffs: Who Wins, Who Loses and What It Means for the EconomySentiment Dives, Tariff Pessimism Deepens, Reactive Shopping Entrenches: US Consumer Survey Insights
