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Zalando SE (ZAL.DE)
| Previous close | 21.67 |
| Open | 21.78 |
| Bid | 0.00 x 28600 |
| Ask | 0.00 x 25500 |
| Day's range | 21.66 - 22.47 |
| 52-week range | 19.89 - 45.81 |
| Volume | |
| Avg. volume | 1,475,517 |
| Market cap | 5.77B |
| Beta (5Y monthly) | 1.70 |
| PE ratio (TTM) | 53.05 |
| EPS (TTM) | 0.42 |
| Earnings date | 02 Nov 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 36.09 |
ReutersZalando sees end-year clothing demand staying weak
LONDON (Reuters) -Europe's biggest online fashion retailer, Zalando, sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Thursday as it reported weaker than expected third-quarter revenue. Zalando, a multi-brand platform that sells clothes, shoes, and accessories, has been hurt by a pullback in online shopping after a COVID-19 pandemic-era boom, a trend that has also bruised smaller online-only retailers like ASOS and Boohoo. Zalando now expects 2023 revenue to fall by between 0.5% and 3%, having previously guided to a 1% decline at worst.
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