Farfetch Limited (FTCH) Tops Q1 EPS by 23c
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Farfetch Announces First Quarter 2023 Results
May 18, 2023 4:06 PM EDTQ1 2023 Revenue increases 8% year-over-year (or increases 12% year-over-year at constant currency) to $556.4 million Q1 2023 Gross Merchandise Value (GMV) increases 0.1% year-over-year (or increases 4% year-over-year at constant currency) to $931.7 million Q1 2023 Digital Platform GMV decreases 1% year-over-year (or increases 2% year-over-year at constant currency) to $799.7 million Q1 2023 Brand Platform GMV increases 10% year-over-year (or increases 15% year-over-year at constant currency) to $109.7 million Q1 2023 Gross Profit Margin of 43.2% (a decrease of 160 bps year-over-year) and Digital Platform Order Contribution Margin of 32.4% (a decrease of 30 bps year-over-year) Q1 2023 Loss after Tax of $174 million Q1 2023... More
