Over 2 Years Ago
1 Min Read
Off goes FTCH. The stock saw an increase of today. A closer look at the stock:
Farfetch Ltd Cl A (FTCH) is trading 23% higher at $11.74 today. While it's generally been a optimistic day for this part of the market, the company is rapidly outpacing it's peers in the Consumer Discretionary sector.
- Revenue was up 10.8% during the quarter
- EPS loss narrower than anticipated
- 60.3% increase in Brand Platform revenue to $116.6M
- 52.0% growth in In-Store revenue
- Digital Platform revenue +0.7%
- Management extremely bullish for 2023 w Russia issues out of the way and China back to growth
- Optimistic about large deals signed with Reebok, Neiman Marcus Group and Salvatore Ferragamo starting to pay off
Farfetch Ltd Cl A has been trading between a 52-week high of $47.3 and a 52-week low of $6.52. The stock has a market cap of $3.97 Billion.
Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries with items from more than 50 countries and over 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform.
Headlines
MFGP, PDD and FUTU among pre market gainers
Seeking Alpha 08-26-22
Futures Drift Lower Ahead Of Action Jackson Hawk-nado
Zero Hedge 08-26-22
Farfetch pops after earnings topper, positive outlook
Seeking Alpha 08-26-22
Farfetch PT Raised to $32 at Morgan Stanley
Investing.com 08-26-22
Farfetch Limited (FTCH) Q2 2022 Earnings Call Transcript
Seeking Alpha 08-25-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Strawberrysauce69 - 3 upvotes - source
FTCH
Lumidimo - 3 upvotes - source
I posted about $FTCH but nobody saw it 😭 up over 10% after hours
Minimum-Flan8743 - 3 upvotes - source
Solid start…MNSO BABA FTCH$$
FlasherTheFlash - 2 upvotes - source
$FTCH Mooning LFG
OperationCommon9239 - 2 upvotes - source
FTCH surging ah
Lumidimo - 1 upvotes - source
FTCH after earnings today maybe moon and once the deal closes 😮💨
Pitiful_Substance226 - 1 upvotes - source
FTCH calls
DNS1979 - 1 upvotes - source
FTCH 🚀
OperationCommon9239 - 1 upvotes - source
FTCH soaring
Chriscautillo - 0 upvotes - source
Ftch To the moon Come on guys and girls
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