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Stitch Fix Slumps as Revenue Misses in Q2; Guidance Falls Short

Investing.com
·1-min read

By Yasin Ebrahim

Investing.com - Stitch Fix fell sharply in after-hours trade Monday after the retailer's guidance fell short of estimates.

Stitch Fix (NASDAQ:SFIX) fell 36%.

The company reported fiscal second-quarter earnings per share of $0.11 beating Wall Street estimates of $0.07, but revenue of $451.8 million fell short of estimates of $452.59 million.

Stitch Fix's active client list rose 17% to 3.5 million. Net revenue per active client was up 8% to $501.

Looking ahead, Stitch Fix guided fiscal third-quarter revenue within a range of $465 million to $475 million, well below consensus estimates of $506 million.

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