Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago.
Its stock was last up more than 33% in after-hours trading.
For its fiscal first quarter ended Oct. 31, Stitch Fix reported earnings of 9 cents per share on revenue of $490.4 million, topping estimates for a loss of 20 cents per share on revenue of $481.2 million, according to Refinitiv data.
Its base of active clients grew to nearly 3.8 million, up 10.2% from a year ago. Stitch Fix defines active clients as people who have bought an item directly from its website, called a “fix,” in the preceding 52 weeks from the last day of the quarter.
Source: CNBC
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 