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.

Stitch Fix Q1 2021 earnings infographic

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.

  • stitich fix Q3 earnings
  • Stitch fix Q4 2020 earnings.

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