Farfetch Q1 GMV Increased 0.1% YoY, Digital Platform GMV Down 1% YoY
Portfolio Pulse from Benzinga Newsdesk
Farfetch reported a 0.1% YoY increase in Q1 Gross Merchandise Value (GMV), while its Digital Platform GMV declined by 1% YoY.
May 18, 2023 | 8:07 pm
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Farfetch's Q1 GMV increased slightly by 0.1% YoY, but its Digital Platform GMV experienced a 1% YoY decline.
Farfetch's Q1 results show a mixed performance with a slight increase in GMV but a decline in Digital Platform GMV. This may lead to a neutral short-term impact on the stock price, as investors weigh the positives and negatives of the report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100