Stitch Fix, Inc. (NASDAQ: SFIX) has reported a net loss for the fourth quarter of 2022, compared to a profit last year, as the personal styling services company’s revenues declined sharply amid faltering demand.
The company reported a comprehensive loss of $97.2 million or $0.89 per share for the fourth quarter, compared to a profit of $21.6 million or $0.19 per share in the same period of 2021.
The bottom line was negatively impacted by a 16% fall in revenues to $481.9 million. The company had around 3,795,000 active users at the end of the quarter, which is down 9% from the year-ago period.
Read management/analysts’ comments on quarterly reports
“Today’s macroeconomic environment and its impact on retail spending has been a challenge to navigate, but we remain committed to working through our transformation and returning to profitability. We are also capitalizing on every customer touchpoint to build long-term relationships and reignite net active client growth,” said Stitch Fix’s CEO Elizabeth Spaulding.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the