Luxury Goods
Farfetch falls to £140m loss in Q1
The group’s gross profit margin for the quarter dropped by 160 bps year-over-year to 43.2%, while its digital platform order contribution margin saw a decrease of 30 bps year-over-year to 32.4%
Luxury fashion platform Farfetch revealed a loss after tax of $174m (£140m) for the first quarter ended 31 March 2023, despite its revenue increasing by 8% year-over-year to $556.4m (£448.4m) in the same period.
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