Farfetch Announces Third Quarter 2019 Results
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Farfetch Limited (FTCH) Tops Q3 EPS by 19c
November 14, 2019 4:04 PM ESTFarfetch Limited (NYSE: FTCH) reported Q3 EPS of ($0.18), $0.19 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $255.48 million versus the consensus estimate of $243.55 million.
Exceeds Q3 2019 Guidance - Beats on Both Digital Platform GMV and Adjusted EBITDA MarginStrong Outlook for Q4 2019 - Raises Expectations for Adjusted EBITDA and Reiterates Platform GMV Growth RateContinued to Expand Share of Online Luxury Market - Q3 2019 Digital Platform GMV of $420 million, Up 37% Year-Over-Year, or approximately 40% on Constant Currency BasisStronger Unit Economics - Digital Platform Order Contribution Margin Up to... More