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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
