While the company missed the consensus revenue estimate by 1.5%, it beat the consensus EPS estimate by 11.1%. FTCH also trimmed its full-year growth forecast for its Digital Platform GMV from 35%-40% to 33% year-over-year.
The stock has lost 12.9% in price over the past month and 47.5% over the past nine months to close yesterday’s trading session at $34.90. In addition, it is currently trading 52.8% below its 52-week high of $73.87, which it hit on February 19, 2021. Furthermore, Apple’s iOS privacy changes, supply chain disruption, and rising input costs make its near-term prospects bleak.