×
100
Fashion Jobs
SHISEIDO
Manager - Talent Management, Human Resources
Permanent · Hong Kong
SHISEIDO
Senior Manager - Marketing, Shiseido And Drunk Elephant
Permanent · Hong Kong
PUMA
Specialist, IT Service Delivery
Permanent · Hong Kong
AESOP
Digital Project Manager, Asia
Permanent · Hong Kong
SHISEIDO
Senior Officer/Officer - Business Planning, Nars And Bare Minerals
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Demand And Operations Planning, Ipsa
Permanent · Hong Kong
PUMA
Garment Technician
Permanent · Hong Kong
PUMA
Senior Manager Technical Material Apparel
Permanent · Hong Kong
SHISEIDO
Manager - Retail Experience And Operations, Nars
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
SHISEIDO
Contract Accounting Officer, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Senior Manager, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Accounting Assistant, Finance And Accounts
Permanent · Hong Kong
LOVISA
Christmas Team Member - Telford Plaza
Permanent · KOWLOON BAY
LOVISA
Christmas Team Member - Mira Place
Permanent · TSIM SHA TSUI
LOVISA
Part Time Sales Associate - Mira Place
Permanent · TSIM SHA TSUI
PUMA
Junior Developer Fabric Apparel
Permanent · Hong Kong
AESOP
Head of Finance, Asia
Permanent · Hong Kong
H&M
Sales Advisor Full Time-又一城店
Permanent · HONG KONG
H&M
Sales Advisor Full Time-尖沙咀新港中心店
Permanent · HONG KONG
H&M
Sales Advisor Full Time-沙田新城市廣場店
Permanent · HONG KONG
Published
Jun 8, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stitch Fix tops revenue estimates, ups full-year guidance

Published
Jun 8, 2021

San Francisco-based online styling service Stitch Fix, Inc. reported Q3 revenue of $535.6 million on Monday, an increase of 44% from $371.7 million in the prior-year period, which also beat the estimate of $511 million put forward by financial analysts surveyed by Refinitiv and cited by CNBC.


Stitch Fix's revenue was bolstered by an increase in active clients - Facebook: @stitchfix

 
The rise in revenue was boosted by a year-over-year increase of 20% in the platform’s active clients, which totaled 4.1 million in the quarter and helped offset a 3% decrease in revenue per active client, which was $481.
 
The company’s quarterly net loss came to $18.8 million, or $0.18 per diluted share, compared to a loss of $34.7 million, or $0.33 per diluted share, in the same period in the previous year. Refinitiv estimates had expected a loss of $0.27 per share.

Year to date, Stitch Fix’s revenue totaled $1.53 billion in the first nine months of the fiscal year, up 21% from $1.27 in the same period in the previous year. Net loss for the period was $30.3 million, or $0.29 per diluted share, compared to a loss of $22.7 million, or $0.22 per diluted share, last year.
 
In line with its stronger-than-expected quarterly results, Stitch Fix increased its full-year revenue outlook to between $2.070 billion and $2.080 billion, representing a year-over-year rise in the range of 20.9% to 21.5% growth.
 
In the fourth quarter, the company expects to report net revenue of between $540 million and $550 million, which would reflect an increase of between 21.8% and 24.0% compared to the same quarter in the previous year.
 
Following Stitch Fix’s announcement of its strong third quarter and improved outlook, the company’s stock was up 15% in extended trading on Monday.

Copyright © 2022 FashionNetwork.com All rights reserved.