Farfetch Limited (FTCH) Tops Q2 EPS by 23c, Revenue Beats, Offers Guidance

Farfetch Limited (NYSE: FTCH) reported Q2 EPS of ($0.17), $0.23 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $523.3 million versus the consensus estimate of $495.11 million.

Outlook:

The following forward-looking statements reflect Farfetch’s expectations as of August 19, 2021.

For Full Year 2021:

• Digital Platform GMV growth of 35% to 40% year-over-year
• Adjusted EBITDA margin of 1% to 2%

For Third Quarter 2021:

• Digital Platform GMV growth of approximately 30% year-over-year
• Brand Platform GMV growth of approximately 45% year-over-year
• Adjusted EBITDA of approximately $10 million

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

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