Zalando SE

ZAL: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Zalando Earnings: Slowdown in the Quarter and Guidance Lowered; Shares Attractive

Jelena Sokolova

Aug 4, 2026

Zalando reported sequential slowdown and margin pressure in B2C gross merchandise value, or GMV, and revenue in the second quarter. GMV and revenue outlooks were lowered to the lower half of the previous guidance. Shares dropped 17%.

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Zalando SE

Zalando Earnings: Slowdown in the Quarter and Guidance Lowered; Shares Attractive

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