Stitch Fix Slumps as Revenue Misses in Q2; Guidance Falls Short
Investing.com
Published Mar 09, 2020 04:43PM ET
Updated Mar 09, 2020 04:54PM ET
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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