Stitch Fix Fiscal Q2 Loss Narrows, Sales Fall; Revenue Outlook Set -- Shares Soar After Hours

MT Newswires Live
03-12

Stitch Fix (SFIX) reported a fiscal Q2 loss late Tuesday of $0.05 per diluted share, compared with a $0.30 loss a year earlier.

Analysts polled by FactSet expected a loss of $0.11.

Revenue for the quarter that ended Feb. 1 was $312.1 million, down from $330.4 million a year earlier.

Analysts surveyed by FactSet expected $298.1 million.

The company expects fiscal Q3 net sales of $311 million to $316 million and fiscal 2025 net revenue of $1.23 billion to $1.24 billion. Analysts surveyed by FactSet expect $278.7 million and $1.18 billion, respectively.

Shares traded 20% higher in after-hours activity.

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