News Formal

Zalando Q2 Revenues and Earnings Rise, Guidance Confirmed

  • 📰 wwd
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Zalando Q2 2024 earnings are in: Revenues rose 3.4 percent and operating profit surged 18 percent.

Revenues rose 3.4 percent to 2.64 billion euros over the period. This meant that for the first half of the year, the German e-commerce giant’s revenues rose 1.5 percent to 4.88 billion euros.

The results, coming after more than a year of lower growth, show that the company’s turnaround strategy is delivering, Zalando co-chief executive officer Robert Gentz said in a statement. In short, the new strategy is about becoming more of a lifestyle destination for customers and pushing products from categories like beauty, sportswear, premium and luxury, streamlining logistics and ratcheting up inspirational magazine-style content to draw more shoppers in. This is meant to help Zalando compete with online retailers like China’s Shein, who focus on fast fashion and lower prices.

The total number of orders rose 0.3 percent to 63.4 million in the second quarter. The value of each customers’ basket, or spend, rose 4.6 percent to 60.8 euros.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 24. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market StrategyDiscover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.
La source: DailyFX - 🏆 305. / 63 Lire la suite »

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
La source: CNBC - 🏆 12. / 72 Lire la suite »

US stock futures rise as Biden drops presidential bid; major earnings loomUS stock futures rise as Biden drops presidential bid; major earnings loom
La source: Investingcom - 🏆 450. / 53 Lire la suite »

World shares rise, US yields fall as markets eye earnings, economic dataWorld shares rise, US yields fall as markets eye earnings, economic data
La source: Investingcom - 🏆 450. / 53 Lire la suite »

These stocks reporting next week have strong earnings momentumSome stocks reporting in the week ahead could see a post-earnings rise in valuation.
La source: CNBC - 🏆 12. / 72 Lire la suite »