Farfetch Limited is a global e-commerce platform that provides online fashion retail services. The company’s quotes on the NYSE are ‘FTCH’, with a current price of $5.16 per share and a market cap of around $1.97 billion. By analyzing the company’s revenue over the past year, we can get an idea of Farfetch Limited’s financial situation.
The most recent financial announcement from Farfetch Limited was in February 2023, when it reported estimated revenues of $625 million for its fiscal year ending December 2022 but no actual revenue figures as yet. In November 2022, Farfetch announced estimated revenues of zero for its fiscal year ending September 2022 and reported actual losses of -$0.24 per EPS for that period. This was followed by an August announcement with estimated revenues at zero and reported losses of -$0.21 per EPS for the quarter ending June 2022 – although this figure was revised from -$0.32 since the initial announcement in May 2021. Finally, in February 2022, Farfetch reported actual revenues of $665 million and earnings per share (EPS) of -$0.03 for its fiscal year ended December 2021 – slightly above estimates at $677 million though still in red numbers overall due to restructuring costs associated with the pandemic-induced economic downturns prior to this period.
Overall, Farfetch Limited has been able to maintain positive growth even while reporting losses due to extensive restructuring efforts which have helped offset some effects of Covid-19 on their business model and operations. Despite facing difficult conditions over the past year, their strong financial performance suggests that they will be well positioned to take advantage of opportunities presented by strong recovery trends throughout 2021 as more people return to normalcy and digital spending continues to increase rapidly across key markets globally – especially within fashion retail services like those provided by Farfetch Limited itself.
