Categories AlphaGraphs, Consumer, Earnings

Earnings: Highlights of Stitch Fix’s (SFIX) Q1 2023 financial results

Stitch Fix, Inc. (NASDAQ: SFIX) has reported a wider loss for the first quarter of 2023. Revenues declined sharply as inflationary pressures continued to squeeze people’s spending power. The results also missed estimates.

Stitch Fix Q1 2023 earnings infographic

The personal styling services company reported a comprehensive loss of $57.7 million or $0.50 per share for the first quarter, compared to a loss of $2.75 million or $0.02 per share in the same period of 2022.

The bottom line was negatively impacted by a 22% fall in revenues to $455.6 million. The company had around 3,709,000 active users at the end of the quarter, which is down 11% from the year-ago period.


Read management/analysts’ comments on quarterly reports


“By enhancing our client experience, rightsizing our cost structure, evolving our marketing and deepening our differentiators of fit, discovery, and human relationships, we are positioning ourselves well to achieve profitability in the near term and a return to growth in the future,” said Stitch Fix’s CEO Elizabeth Spaulding.

Prior Performance

  • Stitch Fix Q3 2022 earnings infographic
  • Stitch Fix Q2 2022 earnings infographic
  • Stitch Fix Q4 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top