— Stitch Fix (NASDAQ: SFIX) reported a breakeven in the first-quarter 2020, vs. $0.06 per share loss expected.
— Net revenue rose 21% $444.8 million, vs. $441 million expected. Active clients improved by 17% to 3.4 million.
— Global Head of Bain’s & Company ’s Digital practice, Elizabeth Spaulding, will become new President, effective January 27, 2020. CFO Paul Yee will step down to pursue other career opportunities.
— SFIX shares were rose 3% during aftermarket hours.
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The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax