Benzinga | Aug 13, 2020 04:13PM EDT

Farfetch Sees Q3 Digital Platform GMV Of $588M-$609M

The following forward-looking statements reflect Farfetch's expectations as of August 13, 2020.

For Third Quarter 2020:

* Digital Platform GMV of $588 million to $609 million, representing growth of 40% to 45% year-over-year

* Brand Platform GMV of $90 million to $95 million

* Adjusted EBITDA of $(20) million to $(25) million

Uncertainties resulting from the spread COVID-19 and the evolving nature of the situation could have material impacts on our future performance and projections. Factors involving COVID-19 that could potentially impact our future performance include, among others:

* disruptions to our operations, fulfilment network, shipments

* reduced or delayed supply from potential factors, including reduced inventory from brands and retailers, as well as additional shutdowns

* weakened consumer sentiment and discretionary income potentially arising from a prolonged shutdown and declining macro-economic conditions