Categories AlphaGraphs, Earnings, Other Industries
Stitch Fix (SFIX) reports surprise profit for Q1; revenues up 10%
Stitch Fix, Inc. (NASDAQ: SFIX) on Monday reported a profit for the first quarter of 2021, even as revenues increased. The results also surpassed the market’s forecast.
The San Francisco, California-based personal styling company had around 3.8 million active clients at the end of the quarter, up 10% year-over-year. It reported net income of $9.5 million or $0.09 per share for the October-quarter, marking an improvement from last year’s break-even results. Analysts had forecast a loss for the latest quarter.
Revenues moved up to $490.4 million in the first quarter from $444.8 million in the corresponding period of last year. The top-line also beat the Street view.
Read management/analysts’ comments on Stitch Fix’s Q1 earnings
Last month, Stitch Fix shares climbed to a two-year high. The stock closed Monday’s regular session higher.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
