×
63 416
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Madison
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Mansfield
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Lafayette
KOHLS
Full-Time Loss Prevention Officer
Permanent · Fremont
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Cape Coral
NIKE
Senior Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Business Success Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Live Consumer Direct Marketing, Global Store Marketing Manager
Permanent · Beaverton
CONVERSE
Product Integrity Manager
Permanent · Boston
NIKE
Director, Omni-Channel Marketing Solution Engineering
Permanent · Beaverton
NIKE
Product Manager, Global Sourcing Manufacturing Data Product & Reporting
Permanent · Beaverton
NIKE
Manager, Analytics & Operations, Nike Athlete Experience
Permanent · Beaverton
ULTA BEAUTY, INC.
General Manager
Permanent · Johns Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Virginia Beach
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Mount Laurel Township
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Schaumburg
ULTA BEAUTY, INC.
General Manager
Permanent · Conway
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Gilbert
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Lakewood
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Pasadena
Published
Jun 6, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stitch Fix announces 7th consecutive quarter of double-digit growth

Published
Jun 6, 2019

Online fashion subscription service Stitch Fix said on Wednesday that its third quarter was another strong one, marking its seventh consecutive quarter of over 20 percent revenue growth.  

Stitch Fixannounces 7th consecutive quarter of double-digit growth. - Facebook: Stitch Fix

 
The San Francisco-based Stitch Fix said third-quarter net revenues increased 29 percent year-over-year, to $408.9 million. That topped the highest analysts estimate at $398 million, as reported by Bloomberg.
 
The U.S. e-commerce company also registered net income of $7 million, or 7 cents a share, for the quarter ended April 27, 2019, down from $9.5 million, or 9 cents a share, a year ago. Diluted earnings per share were 7 cents a share.

Perhaps most impressive is the company’s ability to attract and retain customers. The company grew its active client list by 17 percent year-over-year, reaching a current active client list of 3.1 million for the three months ending April 27.
 
Likewise, Stitch Fix has also been engaging its current client base, growing revenue per active client by 8 percent year-over-year.
 
“These results demonstrate our ability to attract new clients and to serve our existing clients well,” said Stitch Fix founder and CEO Katrina Lake. 
 
“The continued strength of our women’s category and the growth of our men’s category give us even more confidence in our ability to scale new categories and geographies. As I look forward, I’m excited about the opportunities ahead to delight even more clients around the world.”
 
As a result, the company raised its revenue forecast for 2019 to a range of $1.57 billion and $1.58 billion, up from previous estimates of $1.53 billion to $1.56 billion. 
 
For the fourth quarter, revenue is expected to be between $425 million and $435 million. 
 
Katrina Lake launched Stitch Fix in 2011. The company went on to become a public-listed company in 2017 and has since maintained a stunning growth trajectory in the last seven quarters.
 
Most recently, the company made its UK debut.

Copyright © 2021 FashionNetwork.com All rights reserved.