Zalando tops sales forecasts as it sends AI agents shopping
Europe's largest online fashion retailer Zalando reported third-quarter revenue of €3.18bn, surpassing analyst expectations of €3.15bn, while introducing its first AI-powered shopping agent. Despite the stronger revenue, stock fell approximately 5% as investors focused on weaker profit margins.
Key points
- Q3 revenue beat forecasts (€3.18bn vs €3.15bn expected)
- Introduced first AI shopping tool
- Share price declined 5% due to margin concerns
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