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Farfetch Limited (FTCH)
NYSE - NYSE Delayed Price. Currency in USD
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Farfetch sells luxury goods such as Gucci and Valentino bags and clothing through its website and app Analysts acknowledge that the economic downturn is unlikely to affect the shopping habits of the wealthy. According to Bain & Company, luxury goods sales fell just 1.2% during the 2008 financial crisis.
I’m in at $7
What’s with this stock
Your growth company stopped growing, but still pays out more SG&A than it did when it was growing 70%.Seems like the money fire is about to get a lot bigger.
new covid wave in Europe (Portugal, with 87% vaccinated population, has the largest number of new infections since the start of the pandemic, other countries follow). postcovid offline illusion won't last long
Luxury brands such as Chanel and Gucci are also proving to be more resilient, with wealthier Americans not as affected by climbing prices in recent months. Their challenges have been more concentrated in China of late, where pandemic restrictions persist.
In a note discussing e-commerce firms, Morgan Stanley analyst Lauren Schenk said that Farfetch (NYSE:FTCH) and Chewy (NYSE:CHWY) may have bottomed. "In eCommerce, we like FTCH for its lower inventory risk, reset numbers, accelerating '23 GMS growth, and higher income exposure which tends to be more resilient in a downturn, and CHWY for investors with longer-term horizons given recent performance vs. fundamentals, consumables exposure, strong cohort economics, and secular growth."
Retail internet with no E in the P/E ratio, eh ?
You are named well for your business model.
Excellent company and report with great leadership. I listened to the call yesterday and it was great. Considering they suffered from a Russia-China broader impact to sales they only slightly missed EBITDA and EPS expectations - and they clearly charted a path to positive EBITDA (1% in FY22). Management mentioned that Farfetch maintained its most valuable customers at "over 90% retention and delivered higher AOV and conversion rate compared to the previous year." This is probably the mother of all stats, considering that other no-moat cheaper retailers suffered this quarter. Also important to note that they added 135 thousand customers sequentially (from the last quarter, even faster than 94 thousand sequential adds in the HOLIDAY quarter, Q4, from Q3). Russia and China are Farfetch's third and second largest customers, respectively (double digit percentage of revenue), so their revenue issues should normalize in the long term. 30% CAGR seems very reasonable considering the company's brands are transitioning to a more full-price model, and it'll be very interesting and fun to watch this company return to a fairer multiple.
This is a great company with a bright future. Leader in an emerging space. Definitely big buying opportunity here.
30% up.. imagine if they had really good earnings. beauty marketplace started.. strong earnings next quarter
This reminds me of Amazon or Baba in it's early stages yet this is for the rich people of the world.
Growing rev. y/y and adding brands and even new lines (beauty products) to it's portfolio is fantastic, maybe even antiques and used Rolexs maybe even car's. My only concern is taking on YNAP
but since the CEO is tied to his best interest by SP targets I'm going to accumulate.
365 PLUS DAYS OF FARFETCH RED CANDLES.
Great news just came out and I can see enormous growth potential for FTCH.
I am very positive to make money short or long term.
I think it’s safe to say we will be getting some upgrades and new coverage given 19m shares traded in 2 hours. That’s not retail.
Management for farfetch = highly adaptable and competent! As warren Buffett says “buy management”
Off she goes.
The ER was amazing without China & Russia feeding the Rev.
I think maybe the results got leaked out before the conference so that's why the SP & Vol was up yesterday.
I like the idea of slowing down expectations and focusing on margins.
Ynap still in negotiations so trust the process, they must do what is in the best interest of the company KIA the top Executives.
Seems like the downside was already priced in, not a bad ER given the current climate - looking forward to seeing where this goes from here
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