FTCH: Multiple Positives In Brands, Stores, SKUs and Performance In China Are Likely To Lead To Better 2Q21
FTCH will report 2Q21 results on August 19th after the market close followed by a 4:30pm ET conference call. We are positive on FTCH for 2Q21. As the world is opening back up, FTCH has experienced multiple positives. The first is that activities on FTCH’s platform from the US, UK as well as some other EU countries increased. The average listing prices were up and the portion of discounted SKUs (but with less discounts) on FTCH increased. In addition, more stores opened on its platform. FTCH is likely to enjoy high demand for luxury goods purchases in domestic China. Their performance on Tmall improved significantly in 2Q21.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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