Company Earnings Update 3 minutesRegister for Free AccessZalando (XTRA: ZAL) 2Q19 Results: EBIT Beat Prompts Narrowing of Guidance Coresight Research August 2, 2019 Executive Summary Zalando grew 2Q19 total sales by one-fifth year over year to €1.6 billion, in line with the consensus estimate. Reversing the prior trend of a rising fulfilment cost ratio, fulfilment costs as a proportion of revenues declined 1 percentage point year over year. Adjusted EBIT of €101.7 million was comfortably ahead of consensus of €97 million. Management narrowed its adjusted EBIT guidance for FY19, to the upper half of the previously indicated €175-225 million range. 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: December 2023 Leading Indicators of US Retail Sales: The Picture Heading Into 2024December 2023 US Housing Market Indicators: Positive Shifts To Start the New YearEarnings Insights 4Q23, Week 2: Alibaba, Amazon and CVS See Strong Sales Growth; Under Armour Witnesses Weak DemandShoptalk 2024 Wrap-Up: AI “Hype” and Back to Retail Basics—Loyalty, Physical Stores and More
