Zalando cuts fiscal year 2022 outlook over consumer confidence fears
Contributed by NAMPA / DPA.
Berlin (dpa) - German online fashion and lifestyle giant Zalando has cut its guidance for fiscal year 2022, as the company revealed it was no longer confident of a consumer confidence rebound in the short term.
The company now expects gross merchandise volume (GMV) to grow 3% to 7% to between ?14.8 billion and ?15.3 billion for the financial year 2022.
Revenue is now expected to grow 0% to 3% to between ?10.4 billion and ?10.7 billion with an adjusted EBIT of ?180 million to ?260 million in the ...