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%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: DailyFX - 🏆 305. / 63 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

US stock futures rise as Biden drops presidential bid; major earnings loomUS stock futures rise as Biden drops presidential bid; major earnings loom
Source: Investingcom - 🏆 450. / 53 Read more »

World shares rise, US yields fall as markets eye earnings, economic dataWorld shares rise, US yields fall as markets eye earnings, economic data
Source: Investingcom - 🏆 450. / 53 Read more »

These stocks reporting next week have strong earnings momentumSome stocks reporting in the week ahead could see a post-earnings rise in valuation.
Source: CNBC - 🏆 12. / 72 Read more »