Categories AlphaGraphs, Earnings, Other Industries

Highlights of Stitch Fix’s (SFIX) Q3 2022 earnings

Stitch Fix, Inc. (NASDAQ: SFIX) has reported a wider net loss for the third quarter of 2022 when the personal styling services company’s revenues declined amid faltering demand.

Stitch Fix Q3 2022 earnings infographic

Third-quarter comprehensive loss widened to $81.7 million or $0.72 per share from $18.8 million or $0.18 per share in the same period of 2021.

The bottom line was negatively impacted by an 8% decrease in revenues to $492.9 million. The company had around 3,907,000 active users at the end of the quarter, which is down 5% from the year-ago period.

Read management/analysts’ comments on quarterly reports

“We strongly believe in our strategy of expanding our established Fix model through the addition of on-demand styling and shopping via Freestyle. Together, this powerful combination addresses the full continuum of personalized shopping needs. Our team is committed to executing our strategy with excellence while thoughtfully and deliberately making the necessary decisions and innovations to drive our business forward,” 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

Key takeaways from General Mills’ Q3 2023 earnings report

Shares of General Mills Inc. (NYSE: GIS) were up nearly 3% on Thursday after the company delivered better-than-expected results for the third quarter of 2023 and raised its full-year guidance

FIVE Stock: Five Below is likely to continue the good show this year

For Five Below Inc. (NASDAQ: FIVE), the holiday season was more rewarding than expected as the high inflation and stressed personal finances made customers seek value. Earlier, the discount store

Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues

Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last

Add Comment
Viewing Highlight