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Farfetch Ltd. engages in the provision of technology platform for the luxury fashion industry. It operates through the following segments: Farfetch Marketplace, Farfetch Black and White, Farfetch Store of the Future, and Browns stores. Read More The Farfetch Marketplace runs Farfetch.com website and app. The Farfetch Black and White Solutions relates to white label website solution for luxury brands. The Farfetch Store of the Future delivers technology solutions to retail outlets. The Browns stores involves in management of luxury boutiques. Its products include womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and is headquartered in London, the United Kingdom.
London, Greater London
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Farfetch -2% with large block being offered
Bloomberg reports that a block of 13.1M shares of Farfetch (NYSE:FTCH) is being shopped by Goldman Sachs. The public float on Farfetch is ~136M shares....
Yahoo FinanceMar 1
Why Farfetch Stock Popped Today
What happened Shares of Farfetch (NYSE: FTCH) were up 19.6% as of 2:30 p.m. EDT Friday after the online luxury fashion retailer announced strong quarterly results and plans to merge its Chinese operations with JD.com's (NASDAQ: JD) Toplife platform. Regarding the former, Farfetch's fourth-quarter 2018 revenue grew 54.6% year over year, to $195.5 million, translating to a net loss of $9.9 million, or $0.03 per share. Analysts, on average, were expecting a wider loss of $0.10 per share on lower revenue of $...
Seeking AlphaMar 1
Farfetch reports record top-line growth in Q4
Farfetch (NYSE:FTCH) reports revenue growth of 54.6% in Q4, driven by 67.9% rise in platform services revenue. Platform GMV rose 50.6% to $462.18M. Active consumers grew 45% and number of orders up 58%. Gross margin rate decreased 300 bps to 48.2%, primarily due to lower fulfillment revenue per order, increased mix of first-party sales and the impact of retail pricing. Q1 Guidance: Platform GMV: ~+40% Y/Y; Adjusted EBITDA margin: ~-22% to -24%. FY2019 Guidance: Platform GMV: ~+40% Y/Y; Adjusted EBITDA ...
Expected May 15, Pre-Market