Farfetch Limited (FTCH) Tops Q2 EPS by 15c

Farfetch Limited (NYSE: FTCH) reported Q2 EPS of ($0.20), $0.15 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $364.7 million versus the consensus estimate of $326.92 million.

Outlook

The following forward-looking statements reflect Farfetch’s expectations as of August 13, 2020.

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

Uncertainties resulting from the spread COVID-19 and the evolving nature of the situation could have material impacts on our future performance and projections. Factors involving COVID-19 that could potentially impact our future performance include, among others:

• disruptions to our operations, fulfilment network, shipments
• reduced or delayed supply from potential factors, including reduced inventory from brands and retailers, as well as additional shutdowns
• weakened consumer sentiment and discretionary income potentially arising from a prolonged shutdown and declining macro-economic conditions

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

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