Stitch Fix, Inc. (NASDAQ: SFIX) on Monday reported a net loss for the second quarter of 2021, compared to profit last year. Meanwhile, revenues grew 12%.
The San Francisco, California-based personal styling company had around 3.9 million active clients at the end of the second quarter, up 12% year-over-year. It reported a net loss of $21.04 million or $0.20 per share, which marked a deterioration from last year’s profit of $11.4 million or $0.11 per share. Analysts had forecast a bigger loss for the latest quarter.
January-quarter revenues moved up to $504.1 million from $451.8 million in the corresponding period of last year. But the top-line missed the estimates.
Stitch Fix’s shares have gained 27% since the beginning of the year. The stock closed Monday’s regular session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage