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Article on Stitch Fix Earnings

By KARL UTERMOHLEN, InvestorPlace Writer:

Stitch Fix Inc (NASDAQ:SFIX) reported its latest quarterly earnings results, which missed expectations.

The online subscription and personal shopping service’s profit missed the mark during its second quarter as adjusted earnings came in at 2 cents per share, below analysts’ expectations of 6 cents per share. When including a one-time benefit linked to changes in the U.S. tax code, the company earned 7 cents per share.

Revenue came in at $295 million for Stitch Fix as it reaches the halfway point of fiscal 2018, which marked a 24% gain compared to the year-ago quarter. The Wall Street consensus estimate called for sales of $292 million, while the company’s active client base grew 31% to 2.5 million.


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