Boozt Q2 2026 earnings beat lifts revenue, shares slide 7%

Nordic e-commerce fashion retailer Boozt AB said on Friday its second-quarter revenue for 2026 rose sharply, beating market expectations, but its shares still fell 7% as investors weighed margin concerns and a cautious outlook.

Boozt reported revenue growth of 18% year-over-year to 1.2 billion Swedish kronor ($120 million) for the quarter, exceeding analyst estimates of 1.1 billion kronor. The company attributed the increase to strong demand in its core Nordic markets and expansion in Germany, where it has seen a 25% rise in active customers.

Despite the revenue beat, Boozt’s shares dropped 7% in Stockholm trading, reflecting investor unease over narrowing gross margins, which fell to 42% from 45% a year earlier. The company cited higher logistics costs and promotional activity as key pressure points.

Boozt also trimmed its full-year 2026 guidance, citing volatile consumer spending and rising operational expenses. It now expects revenue growth of 12-15% for the year, down from a prior forecast of 15-18%, while maintaining its EBITDA margin target of 8-10%.

Analysts at SEB and Nordea noted that while Boozt’s growth remains robust, the margin compression and cautious outlook may limit near-term upside. Boozt’s CFO stated that the company is investing in automation and supply chain optimization to offset cost pressures but acknowledged that benefits may take time to materialize.

The stock’s decline underscores the challenges facing mid-market e-commerce firms balancing growth with profitability amid economic uncertainty.