Klarna Stock Plunges 20% on Trimmed Guidance as German Retail Sales Slow

3-line summary

• Klarna stock plunged 20% in early trading after the company trimmed its 2026 outlook, according to a Yahoo Finance report.
• The Swedish buy-now-pay-later firm now expects 2026 gross merchandise value of $149-151 billion, down from $155 billion, and revenue of $4.08-4.16 billion, down from $4.34 billion, citing a retail sales slowdown in Germany, its largest market; CFO Niclas Neglén is departing after six years. The guidance cut overshadowed an unexpected Q2 profit of $0.01 per share, versus a forecast $0.06 per share loss.

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