Executive
Zalando lowers outlook as consumer confidence dips
1 day ago | By Fashion United
Image: Zalando
Zalando SE has issued an update for the second quarter 2022 and revised its guidance for the financial year 2022 as the company said, macroeconomic conditions have further deteriorated during the second quarter of 2022 with the EU consumer confidence index decreasing further in June.
For the second quarter 2022, management expects gross merchandise volume growth, revenue growth and adjusted EBIT to be significantly below analyst estimates as of May 31, 2022 of 5 percent GMV growth, 1.5 percent revenue growth, and a 104 million euros adjusted EBIT. The company added that the...
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