Market Overview

Stitch Fix Trades Higher On Q1 Earnings Beat, CFO To Step Down

Stitch Fix Trades Higher On Q1 Earnings Beat, CFO To Step Down

Stitch Fix Inc (NASDAQ: SFIX) shares were rising in Monday's after-hours session after the online styling service reported a first-quarter earnings beat. 

Earnings came in flat, beating estimates by 6 cents per share. Sales came in at $444.8 million, beating estimates by $3.8 million.

The company announced that CFO Paul Yee will leave the company to pursue other career opportunities.

“We had another quarter of great momentum in Q1, delivering net revenue of $445 million, exceeding guidance and representing 21% year-over-year growth,” Stitch Fix founder and CEO Katrina Lake said in a statement.

“We grew our active clients to 3.4 million, an increase of 17% year over year. Demonstrating the power of our data science, we continued to delight our clients, growing revenue per active client by 10% year over year, our sixth consecutive quarter of growth."

The stock was trading up 1.77% at $25.46 at the time of publication. 

Related Links:

KeyBanc On Stitch Fix: Direct Buy Will Be Important Long-Term Growth Driver

Stitch Fix Analysts Trim Price Targets After Q4 Print

Photo courtesy of Stitch Fix. 


Related Articles (SFIX)

View Comments and Join the Discussion!

Posted-In: e-commerce Katrina LakeEarnings News After-Hours Center Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at