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Farfetch: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Farfetch (NYSE:FTCH) rose 12.8% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 5.56% over the past year to ($0.17), which beat the estimate of ($0.40).

Revenue of $437,700,000 rose by 71.32% year over year, which beat the estimate of $367,120,000.

Looking Ahead

Farfetch hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 12, 2020

View more earnings on FTCH

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.farfetchinvestors.com%2F&eventid=2633551&sessionid=1&key=18B054FDF1FBE9ACB77E0884D19AD92A&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $44.73

Company's 52-week low was at $5.99

Price action over last quarter: Up 51.30%

Company Profile

Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with around 1,000 luxury goods sellers to offer their inventory on the platform. For making the retailers' stock available to almost a million active customers, the company charges a cut of over 30% (third-party take rate). Geographically, Europe, Middle East, and Africa account for 40% of the company's sales, Asia-Pacific for 31%, and Americas for 29%. Of total revenue, 81% is generated through platform services, 16% through fulfillment revenue, and 3% through in-store revenue of Browns, a U.K.-based luxury retailer acquired in 2015.

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