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2026-08-06 02:24 UTC → 2026-08-06 11:36 UTC ·
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Zalando Q2 2026 performance earnings and analyst outlook
Zalando reported a strong rise in Zalando’s second‑quarter 2026 sales, results showed continued top‑line strength, with revenue up 20.8% year‑on‑year YoY to €3.424 billion and GMV increasing rising 20.7% to €4.915 billion. Growth was driven by the recent acquisition of ABOUT YOU acquisition and higher sales in sports and beauty categories, beauty, while active customers grew increased 18.3% to 62.5 million. Despite the top‑line expansion, profitability weakened: Adjusted EBIT grew 10.4% to €204.8 million, but the adjusted EBIT margin slipped to stayed at 6.0% and net profit fell 23.6% to €73.8 million. Following the earnings release, analysts Analysts from Quirin Privatbank AG and Deutsche Bank reaffirmed Buy recommendations on Zalando shares. Both raised buy recommendations, raising target prices (€34.40 to €34.40 and €35 respectively) respectively, and argued that the stock’s recent decline was excessive, noting upside potential even as excessive despite the company lowered its lower‑end revenue outlook to the lower end of guidance. The analysts highlighted the opportunity to improve margins despite the earnings shortfall.