Categories Earnings, Retail

Stitch Fix (SFIX) Q2 2020 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Charles Schwab Corp. (SCHW) Q3 earnings beat estimates amid 87% revenue growth

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Friday reported strong revenue and earnings growth for the third quarter. The numbers also beat Wall Street's forecast. Third-quarter revenues

GS Earnings: All you need to know about Goldman Sachs’ Q3 2021 earnings results

The Goldman Sachs Group, Inc. (NYSE: GS) reported third quarter 2021 earnings results today. Revenues increased 26% year-over-year to $13.61 billion. Net earnings applicable to common shareholders increased 63% YoY

PNC Financial Services (PNC) Q3 Earnings: Key financials and quarterly highlights

The PNC Financial Services Group, Inc. (NYSE: PNC) reported third-quarter 2021 earnings results today. Revenues were up 21% year-over-year to $5.1 billion compared to the previous year.  Net income attributable

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top