XTRA:ZALSpecialty Retail
Zalando (XTRA:ZAL) Stock Faces Rich Valuation After Margin Slip
Zalando stock went into this earnings day under pressure, with the share price down over the past week and month even after a stronger three month stretch. The market has been wrestling with thin profits and a rich P/E of 64.1x, so expectations around margins were tight.
The headline today is simple. Zalando swung from a loss in Q1 to a Q2 profit of €73.8m on revenue of €3,424.4m, while group adjusted earnings before interest and tax landed at €205m with a 6.0% margin. The question now is...