Stitch Fix Slumps as Revenue Misses in Q2; Guidance Falls Short

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPEC0E0NI_M.jpg
© Reuters. © Reuters.

By Yasin Ebrahim 

Investing.com – Stitch Fix fell sharply in after-hours trade Monday after the retailer’s guidance fell short of estimates.  

Stitch Fix (NASDAQ:) fell 36%. 

The company fiscal second-quarter earnings per share of $0.11 beating Wall Street estimates of $0.07, but revenue of $451.8 million fell short of estimates of $452.59 million. 

Stitch Fix’s active client list rose 17% to 3.5 million. Net revenue per active client was up 8% to $501.

Looking ahead, Stitch Fix guided fiscal third-quarter revenue within a range of $465 million to $475 million, well below consensus estimates of $506 million.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment