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BRIEF-Stitch Fix Announces Third Quarter Fiscal Year 2022 Financial Results

reuters.com · 06/09/2022 16:37
BRIEF-Stitch Fix Announces Third Quarter Fiscal Year 2022 Financial Results

Stitch Fix Inc SFIX:

  • STITCH FIX ANNOUNCES THIRD QUARTER FISCAL YEAR 2022 FINANCIAL RESULTS

  • Q3 LOSS PER SHARE $0.72

  • Q3 REVENUE FELL 8 PERCENT TO $492.9 MILLION

  • Q3 EARNINGS PER SHARE VIEW $-0.55, REVENUE VIEW $493.3 MILLION -- REFINITIV IBES DATA

  • SEES Q4 NET REVENUE $485 MILLION - $495 MILLION

  • Q4 REVENUE VIEW $495.0 MILLION -- REFINITIV IBES DATA

  • QTRLY ACTIVE CLIENTS OF 3,907,000, A DECREASE OF 200,000 OR 5% YEAR OVER YEAR

  • STITCH FIX EXPECTS ANNUAL COST SAVINGS OF $40 MILLION TO $60 MILLION IN FISCAL YEAR 2023

  • ANNUAL COST SAVINGS OF $40 MILLION TO $60 MILLION IN FISCAL YEAR 2023 EXPECTED AS A RESULT OF WORKFORCE REDUCTION AND OTHER CHANGES

Source text for Eikon: ID:nGNX4DR2sg

Further company coverage: SFIX