Farfetch Limited (NYSE:FTCH) shares plummeted more than 32% after-hours following the company’s reported Q2 results, with revenue of $579.35 million (down 1.3% year-over-year) coming in worse than the consensus estimate of $648.27M. EPS came in at ($0.21), compared to the consensus estimate of ($0.28).
5 replies (most recent on top)
If FarFetch would ditch its Neiman's supreme deal..
Geoffrey surely had his lawyers make sure that couldn't occur. As If that wasn't a red flag..Then the two posed together in a show of faith
That deal sl--e .. destroyed Farfetch.. It felt it could keep buying trash with no return of funds.. hide that in financials ..those days are numbered
Farfetch makes it's money on worthless derivatives.. it tried to get respected by silly deals..like giving Geoffrey money..wdll street took notice of its junk stock
I contacted Farfetch .you have to wonder if they had a get out clause..The money they gave Neiman Geoffrey was using to do more store remodels...as If the would pull in millions .A bar in Atlanta being one thing.cause the restaurant there is well-known as awful.. Money in a rat hole for sure hnawed away
Farfetch gave Neiman's 200 million..supposedly the Bergdorf store goes live in 2024..what was the point... they have been bleeding money and took out more bank loans...Seen it all . They would be smart to rid themselves if that bad investment
Layoffs in July and August for us - we must be looking at a bad year ahead.