Zalando trims FY26 outlook despite strong Q2 revenue growth

German online manner retailer Zalando reported second-quarter radical gross of €3.42bn ($3.94bn), a 20.8% increase, portion narrowing its full-year guidance.

Gross merchandise measurement (GMV) for the 3 months to 30 June 2026 roseate 20.7% connected a reported ground to €4.91bn portion nett income declined to €73.8m from €96.6m a twelvemonth earlier.

Group adjusted net earlier involvement and taxes (EBIT) reached €204.8m, up 10% connected the aforesaid play past year.

Synergies from the About You acquisition contributed much than €10m to adjusted EBIT, the institution said.

The 6% radical borderline reflects the consolidation of About You portion Zalando's standalone borderline roseate to 6.6%.

GMV grew crossed each 3 of Zalando's user apps - Zalando, About You and Lounge by Zalando - wrong the business-to-consumer (B2C) segment, with the institution pointing to spot successful sports and beauty.

B2C gross roseate to €3.09bn from €2.57bn successful the prior-year period.

The retailer's progressive lawsuit basal grew 18.3% to 62.5 million, a emergence attributed to the About You consolidation unneurotic with integrated growth.

Revenue successful the business-to-business (B2B) conception climbed 27.6% connected a reported ground to €334.7m, which Zalando attributed to standard efficiencies astatine Zeos Fulfilment and stronger-margin gross from its Scayle bundle unit.

The company's concern with Marks & Spencer has gone unrecorded crossed 22 markets, and its collaboration with Next has been widened to see About You's marketplace.

Zalando narrowed its full-year 2026 guidance, with GMV and gross maturation present expected successful the little fractional of the antecedently communicated 12% to 17% range, successful enactment with marketplace expectations.

Full-year adjusted EBIT guidance was revised to a scope of €680m to €720m, from the earlier €660m to €740m band.

The institution said its appraisal of second-half trading dynamics remains unchanged, describing the narrower guidance arsenic a reflection of first-half results already delivered alternatively than a alteration successful outlook for the remainder of the year.

Zalando co-CEO Robert Gentz said: "Our fast-scaling AI capabilities are already delivering measurable benefits successful driving some maturation and ratio crossed B2C and B2B.

"Innovations similar our AI-powered Scayle Studios and the upgraded Zalando Assistant are fundamentally transforming however our partners run and however our customers observe fashion."

Germany's Federal Financial Supervisory Authority (BaFin) concluded a reappraisal past period into Zalando's 2025 yearly report, uncovering that the company's approved consolidated fiscal statements contained errors.