Zalando Beats Q3 Expectations with Share Buyback Boost

about 1 month ago

Khloe Malay

"Yes. So third quarter sales came in ahead of expectations. There actually was no upgrade to guidance and no beat on profit, but the sales exceeding expectations was enough to make investors quite happy, and the shares did jump quite a bit this morning. It also announced a 100 million euro share buyback, which obviously helped as well. All of that is quite interesting for the wider online retail sector as it battles growing competition and softer consumer sentiment."

Zalando's Q3 results, marked by sales beating expectations and a significant share buyback, have generated bullish momentum, positioning the stock favorably amid a competitive online retail landscape.

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