Categories AlphaGraphs, Consumer, Earnings

Stitch Fix (SFIX) Q2 2023 revenue dips 20%; net loss widens

Stitch Fix, Inc. (NASDAQ: SFIX) has reported a 20% drop in net revenue to $412.1 million for the second quarter of 2023, reflecting the tough macroeconomic conditions and the slowdown in consumer spending.

The company incurred a net loss of $0.58 per share in the quarter, compared to a loss of $0.28 per share in the comparable period of last year. Adjusted EBITDA was $3.8 million, versus $10.1 million in the year-ago fiscal quarter.

The number of active clients decreased by 11% to about 3.57 million during the three-month period, while net revenue per client decreased by 6% to $516.

The weak financial performances and projections led to a sharp fall in the company’s share price soon after the announcement.

Prior Performance

  • Stitch Fix Q1 2023 earnings infographic
  • Stitch Fix Q4 2022 earnings infographic
  • Stitch Fix Q3 2022 earnings infographic
  • Stitch Fix Q2 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

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