{"id":20058,"date":"2023-08-18T12:50:17","date_gmt":"2023-08-18T19:50:17","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20058"},"modified":"2023-08-24T09:36:15","modified_gmt":"2023-08-24T16:36:15","slug":"farfetch-plummets-on-weak-sales-outlook","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/farfetch-plummets-on-weak-sales-outlook\/","title":{"rendered":"Farfetch Plummets On Weak Sales Outlook"},"content":{"rendered":"\n<p><strong>Farfetch (FTCH:NASD)<\/strong> is down almost 50% intraday as the company announces weak outlook from its two biggest markets, the USA and China. To top that the company released lower-than-expected revenue estimates, which came in way below analyst expectations. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\" style=\"font-style:normal;font-weight:600\">\n<p>&#8220;We have seen a less buoyant luxury customer in the U.S. In Mainland China&#8230; the reality is the recovery has not been as robust as we had expected when we reported our Q1 results.&#8221;<\/p>\n<cite>CEO Jos\u00e9 Neves<\/cite><\/blockquote>\n\n\n\n<p>The company is at an all-time low at $2.57 due to the negative outlook on the company. The company&#8217;s expectation for 2023 revenue was $4.9 billion but the released number was $4.4 billion which is a significant difference in revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"Farfetch (FTCH:NASD) is down almost 50% intraday as the company announces weak outlook from its two biggest markets, the USA and China. To top that the company released lower-than-expected revenue estimates, which came in way below analyst expectations. &#8220;We have seen a less buoyant luxury customer in the U.S. In Mainland China&#8230; the reality is&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/farfetch-plummets-on-weak-sales-outlook\/\">View Article<\/a>","protected":false},"author":3,"featured_media":20059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,7,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Farfetch Plummets On Weak Sales Outlook - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/farfetch-plummets-on-weak-sales-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farfetch Plummets On Weak Sales Outlook - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Farfetch (FTCH:NASD) is down almost 50% intraday as the company announces weak outlook from its two biggest markets, the USA and China. 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