Stitch Fix said active clients grew 25 percent from a year ago to 2.7 million by the end of the fiscal fourth quarter, while analysts were calling for 2.81 million, according to StreetAccount.
Stitch Fix also on Monday announced its expansion into the U.K., which is expected to happen by the end of next year.
“We believe our ability to create a uniquely personalized shopping experience is something that will resonate with consumers and brands outside of the U.S.,” CEO Katrina Lake said in a statement.
In the previous quarter, the company announced it would be rolling out a version of its online styling service for kids. The company has been looking for ways to diversify its sources of revenue while managing investments. The company has also started to scale its men’s and plus-size businesses but has said those divisions still have lower gross margins than women’s.
Stitch Fix is calling for sales of $354 million to $360 million in the first quarter and $1.47 billion to $1.53 billion for the full year. Analysts have been calling for sales of $359.2 million for the current quarter and $1.48 billion for fiscal 2019.
Stitch Fix has a market cap of roughly $4.4 billion.
from News Viral View https://ift.tt/2DUwKb0
via IFTTT
0 comments:
Post a Comment