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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.


07 Jun, 2023

     

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