Jun 5, 05:16 AM

Stitch Fix ($SFIX) Reports Q3 Earnings, Revenue $322.7M, Net Loss $22.0M; Stock Surges 20%

Stitch Fix ($SFIX) reported Q3 earnings with a net revenue of $322.7 million, a 16% decrease YoY, and a net loss of $22.0 million. Active clients decreased by 172,000. CEO mentioned exceeding revenue and adjusted EBITDA expectations. Q4 guidance includes revenue between $312M and $322M, with FY'24 revenue expected to range between $1.33B and $1.34B. The positive results led to a 20% stock rally.

#Stitch Fix

Written with ChatGPT (GPT-3).

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Open Outcrier@OpenOutcrier
2 years ago
$SFIX (+17.2% pre) Stitch Fix’s narrower loss, better guidance fuels stock’s 20% rally - MW https://t.co/H4lyWyaIzf
AlphaSense@AlphaSenseInc
2 years ago
$LE Earnings: - Net revenue decreased 7.8% to $285.5 million compared to $309.6 million in the first quarter of fiscal 2023. - Net loss was $6.4 million, or $0.20 loss per diluted share compared to Net loss of $1.7 million or $0.05 loss per diluted share in the first quarter of… https://t.co/3Ewm98Zc7a
Neil Saunders@NeilRetail
2 years ago
🇺🇸 Stitch Fix’s narrower loss, better guidance fuels stock’s 20% rally https://t.co/YprEbL79ss

Stitch Fix ($SFIX) Reports Q3 Earnings, Revenue $322.7M, Net Loss $22.0M; Stock Surges 20%

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