Shares of Farfetch (NYSE: FTCH) were climbing higher this week, according to data from S&P Global Market Intelligence. The online luxury platform saw some good news from its partnership with luxury holding company Richemont as well as developments with the important Chinese market. Shares are up 13.3% this week as of 12:54 p.m. ET but are still off around 97% from all-time highs set during the pandemic.

While these news reports are helpful, only one thing will matter for investors in Farfetch over the long term: profits.

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Source Fool.com