BUZZ-Stitch Fix surge on upbeat 2025 revenue forecast

Reuters
11 Dec 2024
BUZZ-Stitch Fix surge on upbeat 2025 revenue forecast

** Shares of online styling service Stitch Fix SFIX.O rise 25% to $5.75 premarket

** On Tuesday, SFIX forecast FY25 net rev. between $1.14 bln and $1.18 bln, up from the prior $1.11 bln to $1.16 bln range

** Co's Q1 sales of $318.8 mln beat analysts' est. of $306.9 mln, according to LSEG data, driven by strong growth in revenue per active client

** Co reported Q1 adjusted loss of 5 cents/shr, smaller than expected loss of 14 cents/shr - LSEG

** Brokerage Canaccord Genuity raises PT on SFIX to $6 from $5; maintains "hold" rating

** Says co benefited from its new "Retail Therapy" marketing campaign

** As of last close, stock has risen ~30% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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