Online personal styling service provider Stitch Fix (NASDAQ: SFIX) reported mixed results for Q4 2019. The company reported earnings of $0.07 per share on revenue of $432.1 million. Analysts had projected Stitch Fix to earn $0.04 per share on revenue of $432.28 million. Stitch Fix stock, which was down immediately after the earnings announcement, was trading up about 2% at 4:30 PM ET.
For the fourth quarter ended August 3, 2019, Stitch Fix reported adjusted EBITDA of $6.4 million. Active clients grew 494,000 or 18% year-over-year to 3.2 million. Net revenue per active client for the fourth quarter grew 9% to $488. Revenue growth of 36% in the recently ended quarter was driven by increases in both active clients and net revenue per active client.
For the first quarter 2020, Stitch Fix expects revenue to be between $438 million and $442 million, representing a year-over-year growth of 20–21%. Adjusted EBITDA is expected to be in the range of $6 million to $9 million.
For fiscal year 2020, the San Francisco-based firm eyes revenue to be in the range of $1.90 billion to $1.93 billion. Adjusted EBITDA is touted to be between $85 million and $105 million.
Commenting on fiscal year 2019 results, CEO Katrina Lake said, “For the full year, we grew net revenue 29% year over year to $1.6 billion and captured more of our large addressable client base by adding nearly half a million active clients in 2019. In addition, we consistently demonstrated our ability to deliver great client experiences, growing revenue per active client in every quarter of fiscal 2019, including 9% year over year in Q4.”
Stitch Fix stock had advanced 18% so far in 2019 and slumped 55% in the trailing 12 months.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
Comments
Comments are closed.