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Farfetch Limited (FTCH) Tops Q1 EPS by 4c, Revenue Misses, Offers Outlook

May 26, 2022 4:09 PM EDT

Farfetch Limited (NYSE: FTCH) reported Q1 EPS of ($0.24), $0.04 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $514.8 million versus the consensus estimate of $560.3 million.

Outlook:

The following forward-looking statements reflect Farfetch’s expectations as of May 26, 2022.

For Full Year 2022:

  • Digital Platform GMV growth of 5% to 10% year-over-year
  • Brand Platform GMV growth of 10% to 15% year-over-year
  • Adjusted EBITDA margin of 0% to 1%

Uncertainties resulting from the impact of the COVID-19 pandemic, macroeconomic factors and geopolitical turmoil, including the war in Ukraine, could have material impacts on our future performance and projections. These factors could potentially impact our future performance include, among others:

Disruptions to our operations, fulfilment network, and shipments;

  • weakened consumer sentiment and discretionary income arising from various macro-economic conditions;
  • increased costs to support our operations;
  • slowing e-commerce consumer activity as vaccinations gain acceptance and populations resume to pre-pandemic activities and lifestyles; and
  • reduced demand for our offerings and services.

For earnings history and earnings-related data on Farfetch Limited (FTCH) click here.



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