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

Earnings: Highlights of Bed Bath & Beyond (BBBY) Q1 report

Home furnishing retailer Bed Bath & Beyond (NASDAQ: BBBY) has reported a net loss for the first quarter of 2022 when the company’s revenues declined by 25%. Net earnings, adjusted

Mattel (MAT): Here are a few points to keep in mind if you are considering this toymaker

Shares of Mattel Inc. (NASDAQ: MAT) have gained 1% year-to-date and 6% over the past 12 months. The company delivered double-digit growth in sales and improved profitability for its most

Prologis (PLD) set for long-term gains from high e-commerce demand

The ripples of the COVID-driven e-commerce boom are being felt beyond the retail industry, and the other sectors influenced by it include transportation and real estate. The high demand for

Add Comment
Viewing Highlight