Fashion Industry Network

The Fashion Industries Favorite Business Network ...

Stitch Fix Stays in Fashion

When Stitch Fix Inc. had its initial public offering in November, it was shadowed by the failure of Blue Apron Holdings Inc., another subscription service, and the threat Inc.

Investors, concerned about deceleration, questioned just how many people would be interested in what is a fairly unique way of shopping.

Yet in its second earnings report as a public company, Stitch Fix continues to prove that there is a market for its service.

It added 100,000 clients in the quarter, reaching 2.5 million, a growth rate of 31% year-over-year. Net revenue reached $295.9 million, beating analysts’ estimates of $291 million, and notching the company’s fourth consecutive quarter of revenue growth in the 25% range year-over-year.

The stock, which was initially offered at $15 a share, has gained 63% since November. It rose 6% on Monday in anticipation of strong numbers, closing at $24. Yet shares fell 6% in aftermarket trading, a reflection of the company’s earnings miss. It posted adjusted earnings of 2 cents per share, beneath analysts’ 6-cents estimate. The company incurred a one-time tax expense of $4.7 million. Gross margins have also come down as it has expanded into new categories and lowered its prices.

Read more at: vintage bridesmaid dresses uk | silver bridesmaid dresses

Views: 34


You need to be a member of Fashion Industry Network to add comments!

Join Fashion Industry Network

Fashionable Suggestions



  • Add Photos
  • View All



Fashion Industry Network

Here are some fashion links of interest:

Apparel Search

Fashion Jobs

Fashion News

Fashion Calendar


Fashion Blog

It is always a good time to learn more about clothes, shoes, style, or accessories.

© 2018   Created by Apparel1.   Powered by

Badges  |  Report an Issue  |  Terms of Service

  Thank you for using the Fashion Industry Network.  Have you helped another member today? Answer questions in the forum. It brings good luck.