Categories AlphaGraphs, Consumer, Earnings

Earnings Infographic: Stitch Fix reports Q4 2022 results

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.

Stitch Fix Q4 2022 earnings infographic

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

IPO Alert: Here’s what to look for when CaliberCos goes public

The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is

CarMax (KMX) Stock: Does the current dip offer a buying opportunity?

The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with

Ultimax Digital gears up for $10mln IPO. Here’s all you need to know

The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax

Add Comment
Viewing Highlight