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-0.00149946643700015 0.00501995285430471 0.0208003788125735 0.00962472163795263 0.0153137727879438 0.000902424880849003 -0.0162539416752163 -0.0274021486633475
Stock impact report

Stitch Fix aims to grow business (SFIX) [The Business Insider]

Stitch Fix, Inc. - Class A (SFIX) 
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.stitchfix.com
Stitch Fix aims to grow business This story was delivered to BI Intelligence " E-Commerce Briefing " subscribers. To learn more and subscribe, please click here . Stitch Fix reported substantial revenue and customer growth in fiscal Q1 2018 (ended October 28 ). The subscription apparel retailer grew revenue by 25% year-over-year (YoY) to nearly $300 million. Its active client base — a customer who has reviewed an order in the past 12 months — grew 30% YoY to 2.4 million at the end of Q1. Despite that growth, net income only saw a tepid increase of 2% YoY to $13.5 million. The company cited its women’s plus-size clothing and men’s apparel, which increased marketing, shipping, and inventory costs, as the reason for lackluster profit margins in Q1. These new product categories are targeting markets that could be lucrative for the company. Although the company had increased costs this quarter, it will likely see a corresponding increase in revenues and clients in the next quarter, Show less Read more
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