Farfetch: Q2 Earnings Insights

Shares of Farfetch FTCH were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 33.33% year over year to ($0.20), which beat the estimate of ($0.35).

Revenue of $364,680,000 higher by 74.27% year over year, which beat the estimate of $326,920,000.

Looking Ahead

For Third Quarter 2020:

• Digital Platform GMV of $588 million to $609 million, representing growth of 40% to 45% year-over-year
• Brand Platform GMV of $90 million to $95 million
• Adjusted EBITDA of $(20) million to $(25) million

How To Listen To The Conference Call

Date: Aug 13, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.farfetchinvestors.com%2Fevents-and-presentations%2Fevents%2Fdefault.aspx&eventid=2395238&sessionid=1&key=79D76FF2C32870FEAA2D993F0A672B86&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $28.25

52-week low: $5.99

Price action over last quarter: Up 93.19%

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.