Zalando : Mixed Q2 2018 results, disappointing guidance update
>Sales miss more likely driven by order unit economics, aggressive pricing and product mix than by hot weather - Zalando (ZAL) reported Q2 results this morning (07 August), which were mixed. The company now expects its full-year 2018 revenues and margin at the lower end of existing guidance ranges. Following its slow revenue start into the spring season in Q1 2018, ZAL was unable to make up for the shortfall in Q2 2018. Q2 revenues were up just 21% yoy to € 1.33bn; we...Zalando is an e-commerce group based in Germany. Co. is engaged in the online retailing of clothing, shoes and accessories for women, men and children. Co.'s product offering include more than 1,500 brands, including global and local brands, as well as private labels, including shoes, clothing and accessores as well as sportswear and homeware designed especially for the Co. The Co.'s product offering is complimented by the Zalando Lounge and Zalon apps, which provides registered members special offers at discounted prices. Co. also provides a combination of services that include free delivery and returns.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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