The luxury e-commerce retailer reported revenue increased 43 percent year-over-year in the second quarter. The company’s gross merchandise value was up 40 percent this year, and double compared to Q2 of 2019 — exceeding $1 billion.

“I am truly impressed with the resilience of the luxury industry, which after an unprecedented period, is already back to growth …” said José Neves Farfetch founder and chief executive in a press release. “Our stronger Farfetch brand is drawing marketing partnerships and even greater supply from brands to drive a 90 percent increase in full-price sales year-over-year from the highly valuable luxury audience we have attracted.”

Farfetch’s strong earnings come in the midst of recovery in the luxury sector after a tough pandemic year — with Kering, LVMH, and Richemont all posting stellar results as consumers spend coming out of lockdown.

Learn more:

How Luxury’s Two-Speed Recovery Is Reshaping the Category

This week, everyone will be talking about quarterly results from luxury’s biggest players, plus the latest fashion brands looking to go public.