Categories AlphaGraphs, Consumer, Earnings
Stitch Fix (SFIX) reports narrower Q1 loss; revenue down 18%
Personal styling company Stitch Fix, Inc. (NASDAQ: SFIX) announced financial results for the first quarter of 2024, reporting a narrower net loss and double-digit decline in revenues.
Stitch Fix reported a comprehensive loss of $36.5 million for the October quarter, compared to a loss of $57.7 million in the same period of 2023. Loss per share from continuing operations was $0.22 per share, vs. a loss of $0.43 per share last year. Adjusted EBITDA was $8.63 million in Q1, compared to a loss of $1.72 million in the year-ago fiscal quarter.
First-quarter revenues came in at $364.8 million, compared to $443.7 million in the corresponding period of 2023. The company had around 2.99 million active clients at the end of the quarter.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net
