Categories AlphaGraphs, Earnings, Other Industries
Earnings: Stitch Fix (SFIX) Q2 loss widens despite an increase in revenues
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.
Read management/analysts’ comments on Stitch Fix’s Q2 earnings
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.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Beyond short-term challenges, Cisco’s (CSCO) prospects remain intact
Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff
Earnings: Applied Materials (AMAT) Q2 profit, revenue increase
Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts' estimates. Adjusted net income
Target (TGT) expects Q1 headwinds to continue to impact profitability in the near term
Shares of Target Corporation (NYSE: TGT) were down 4% on Thursday, yet to fully recover from the beating it took a day earlier after delivering mixed results for the first
