Business
Why the Afterpay (ASX:APT) share price is in focus
The Afterpay Ltd (ASX: APT) share price is in focus this morning after the buy now, pay later (BNPL) leader’s latest quarterly results.
Why is the Afterpay share price in focus?
This morning, the company reported “strong operating performance” for the period ended 31 March 2021 (Q3 2021). Performance was strong across all regions with underlying sales up 104% on the prior corresponding period (pcp).
On a constant currency basis, Afterpay reported sales up 123% on Q3 2020. That was helped by strong performance in both the United States and the United Kingdom. Sales in the former jumped 2,211% higher on the pcp with UK sales up 277%.
Notably, North America is now the largest contributor to underlying sales. The key business…
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