forecast

Zalando lowers profit guidance but expects return to growth in second half

Zalando lowers its profit forecast but expects a return to growth in the second half – Retail Gazette

Summary Companies Gross merchandise volume stable at €3.8 billion Sales down 4% to €2.6 billion Adjusted operating profit of €77.4 million, down 58% Shares reported a 1.7% rise in pre-market BERLIN, Aug 4 (Reuters) – Online fashion retailer Zalando ( ZALG.DE) reported a 58% drop in operating profit in second quarter and lower sales, but …

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Zalando lowers profit forecast as sales fall in second quarter

Zalando lowers profit forecast as sales fall in second quarter

Online fashion retailer Zalando revealed a 58% decline in second-quarter operating profit and sales below expectations amid a challenging macroeconomic environment and supply chain issues. The company’s gross merchandise volume in the second quarter of 2022 amounted to 3.8 billion euros, showing a stable development compared to an “extraordinarily strong” second quarter in 2021. Zalando …

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