Klarna says CFO Niclas Neglén and CMO David Sandström plan to step down in early 2027, and lowers its full-year GMV guidance; KLAR falls 19%+ pre-market (Connor Hart/Wall Street Journal)
The payments company tempered its outlook for the year, even as it swung to a profit and logged higher revenue in the second quarter
Klarna has announced that its Chief Financial Officer, Niclas Neglén, and Chief Marketing Officer, David Sandström, plan to step down in early 2027. The company also lowered its full-year Gross Merchandise Volume (GMV) guidance. According to the Wall Street Journal, this news caused Klarna's stock to fall over 19% pre-market.
Klarna reported a profit and higher revenue in the second quarter, but tempered its outlook for the year. The company's financial performance was not further detailed in the reports.
There was also a separate report on Home Depot's second-quarter performance, which showed the company beating Wall Street's metrics. However, this report did not mention Klarna.
Brief written by urgent.news from Techmeme, Yahoo Finance — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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