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Zalando profit misses consensus by 20.6% in Q2

4915449 said its normalized net income for the second quarter amounted to 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.

EPS climbed year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €49.3 million, a gain from €15.5 million in the prior-year period.

The normalized profit margin increased to 5.4% from 2.1% in the year-earlier period.

otal revenue climbed 25.0% year over year to €916.4 million from €733.0 million, and total operating expenses climbed 18.6% year Zalando SE