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European online fashion retailer Zalando reported first-quarter revenue on Tuesday that was stronger than expected, boosted by additional customers and a good start to spring and summer sales, while confirming its 2025 guidance.
Revenue of 2.420 billion euros ($2.74 billion) for the three months ended March 31 beat analysts’ average forecast of 2.367 billion.
The number of active customers rose to a new high of 52.4 million, up from 49.5 million in the first quarter last year.
Zalando said it confirmed its guidance “despite a fast-changing geopolitical and macroeconomic environment”, referring to global trade tariffs that have driven many in the consumer and retail sector to cut expectations for 2025.
