Farfetch Limited (FTCH) Tops Q2 EPS by 23c, Revenue Beats, Offers Guidance
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Farfetch Announces Second Quarter 2021 Results
August 19, 2021 4:06 PM EDTGross Merchandise Value (GMV) exceeds $1 billion, up 40% year-over-year and more than double compared to Q2 2019 Full-price sales growth of 90% drives Q2 2021 Digital Platform GMV increases of 40% year-over-year and 89% compared to Q2 2019 Q2 2021 Revenue increases 43% year-over-year to $523 million Q2 2021 Gross Profit Margin improves by 30 bps year-over-year to 44%; Digital Platform Order Contribution Margin declines 90 bps year-over-year to 34% Q2 2021 Profit After Tax of $88 million includes $246 million non-cash benefit arising from impact of lower share price on items held at fair value and remeasurements Q2 2021 Adjusted EBITDA improves to $(21) million,... More
