Categories AlphaGraphs, Consumer, Earnings
Stitch Fix (SFIX) Q2 2023 revenue dips 20%; net loss widens
Stitch Fix, Inc. (NASDAQ: SFIX) has reported a 20% drop in net revenue to $412.1 million for the second quarter of 2023, reflecting the tough macroeconomic conditions and the slowdown in consumer spending.
The company incurred a net loss of $0.58 per share in the quarter, compared to a loss of $0.28 per share in the comparable period of last year. Adjusted EBITDA was $3.8 million, versus $10.1 million in the year-ago fiscal quarter.
The number of active clients decreased by 11% to about 3.57 million during the three-month period, while net revenue per client decreased by 6% to $516.
The weak financial performances and projections led to a sharp fall in the company’s share price soon after the announcement.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased