Previous Close | 13.29 |
Open | 13.96 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 13.38 - 13.96 |
52 Week Range | 12.05 - 62.11 |
Volume | |
Avg. Volume | 112,662 |
Market Cap | 6.957B |
Beta (5Y Monthly) | 1.14 |
PE Ratio (TTM) | 50.06 |
EPS (TTM) | 0.27 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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Shares in Zalando plunged almost a fifth on Friday before staging a late recovery after Europe’s largest online fashion retailer slashed its outlook for the year as consumers retrench amid deepening recession fears. This followed a much weaker second quarter than expected, an abrupt reversal from just four months ago when Zalando forecast growth of 12 to 19 per cent. In a bleak warning issued after markets closed on Thursday, Zalando said that “management now expects macroeconomic challenges to be longer-lasting and more intense than previously anticipated”.
The pan-European STOXX 600 index marked its best session in more than three months. The benchmark, which until Thursday was down on the week, posted weekly gains of 2.4% thanks to Friday's surge, breaking a three-week losing streak.
Shares of German online retailer Zalando SE plunged in Friday morning trading a day after the company reported a weaker-than-expected second quarter, which led it to cut forecasts for the year as consumers are shopping less amid rising inflation and growing recession risks. Zalando said it had a profitable but weaker-than-expected second quarter, with sales and earnings coming in well below analysts' forecasts. The company downgraded its forecasts for the year as it "no longer assumes a rebound of consumer confidence in the short term."