Clockwise from Top. Farfetch Q3 Results Following a strong Q2, Farfetch again posted strong results for Q3 that saw their share price jump. Third quarter sales were up +62% versus the same period last year, while gross profit was up even more at +81%, indicating it is not only selling more, but doing so with less discounting and lower customer acquisition costs. While they continue to lose money, Farfetch still forecasts that it will be cash positive beginning next quarter. On the earnings call, CEO José Neves
TT Vol. 28
TT Vol. 28
TT Vol. 28
Clockwise from Top. Farfetch Q3 Results Following a strong Q2, Farfetch again posted strong results for Q3 that saw their share price jump. Third quarter sales were up +62% versus the same period last year, while gross profit was up even more at +81%, indicating it is not only selling more, but doing so with less discounting and lower customer acquisition costs. While they continue to lose money, Farfetch still forecasts that it will be cash positive beginning next quarter. On the earnings call, CEO José Neves