Stitch Fix Inc.
- Stitch Fix Inc soared 9% to $4.01 after the online fashion platform posted a loss of 19 cents a share on revenue of $395 million.
Net revenue in the fiscal third quarter ending in April declined 20% to $394.9 million and active clients fell 11% to 3.476 million.
Net loss in the quarter shrank to $12.8 million from $78 million and diluted loss per share fell to 19 cents from 78 cents a year ago.
The company estimated fiscal fourth quarter revenue between $345 million and $365 million, a decline between 20% and 22% from a year ago.
The company also said it plans to exit from the UK in the next fiscal year.
Jun 7, 2023 - Stitch Fix Inc said revenue in the fiscal second quarter ended on January 28 declined 20% to $412.1 million and net loss expanded to $65.6 million from $30.9 million and diluted loss per share rose to 58 cents from 28 cents a year ago.
Active clients in the quarter declined 11% to 3.6 million and net revenue per active client fell 6% to $516 million.
The company forecasted revenue in the fiscal third quarter ending on April 29 in the range between $385 million and $395 million, a decline between 20% and 22% from the previous year.
Mar 7, 2023
| Year | Oct | Jan | Apr | Jul | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -0.58 | -0.19 | -0.23 | -0.30 | -1.5 | |
| 2022 | -0.28 | -0.72 | -0.88 | -0.50 | -1.9 | |
| 2021 | -0.2 | -0.18 | 0.21 | -0.02 | -0.08 | |
| 2020 | 0.11 | -0.33 | -0.44 | 0.09 | -0.66 | |
| 2019 | 0.12 | 0.07 | 0.07 | - | 0.36 | |
| 2018 | 0.02 | 0.09 | 0.19 | 0.1 | 0.34 | |
| 2017 | - | - | - | 0.04 | - | |
| 2016 | - | - | - | - | - | |
| 2015 | - | - | - | - | - |