Zalando Beats First-Quarter Sales Forecast Despite ‘Cautious’ Consumers

Zalando reported first-quarter revenue that was stronger than expected thanks to additional customers and a good start to spring and summer sales, and confirmed its 2025 guidance.

The multi-brand platform that sells clothes, shoes and accessories said group revenue grew 7.9 percent to €2.42 billion ($2.74 billion) in the three months ended March 31, beating analysts’ average forecast of €2.367 billion.

Zalando has been moving upmarket and adding more designer brands to its offering as…