— Stitch Fix (NASDAQ: SFIX) reported second quarter 2020 earnings of $0.11 per share vs. $0.06 expected.
— Revenue rose 22% year-over-year to $451.8 million vs. $452.53 million expected.
— Active clients increased 17% annually to 3.5 million. Net revenue per active client grew 8% to $501.
— With regards to the coronavirus outbreak, the company said, “We recognize this is a dynamic situation and, while it’s too early for us to quantify total potential supply chain or client demand impact at this point, it’s reasonable to expect that we’ll see some impact.”
— Stitch Fix reduced its fiscal year 2020 revenue growth outlook to a range of 17-19% on a 52-week basis from the previously announced revenue growth outlook of 23–25%. Revenue is expected to be in the range of $1.81 billion to $1.84 billion for FY20.
— For the third quarter of 2020, revenue is targeted to be in the range of $465 million to $475 million, representing a year-over-year growth of 14-16%.
— SFIX stock cratered about 40% during the extended trading hours.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
