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

Infographic: How Starbucks (SBUX) performed in Q1 2023

Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.   Global comparable store sales increased

Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

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