Stitch Fix, Inc. (NASDAQ: SFIX), a leading provider of online personal styling services, Tuesday said its second-quarter net loss widened despite an increase in revenues. The bottom-line matched analysts’ expectations, while revenues beat.
The San Francisco, California-based company had around 4.0 million active clients at the end of the second quarter. It reported a net loss of $30.9 million or $0.28 per share for the three-month period, which is wider than last year’s loss of $21.0 million or $0.20 per share. The latest number matched analysts’ forecasts.
Revenues moved up to $516.7 million in the January quarter from $504.1 million in the corresponding period of 2021. The top-line also beat the consensus estimate.
Stitch Fix’s shares have lost 72% in the past six months. They closed Monday’s regular session higher but declined in the after-hours soon after the announcement.
Stocks you may like:
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many