Stitch Fix's sales topped analysts' estimates, driven by consumers refreshing their wardrobes and looking for styles in new sizes.
Stitch Fix shares soared after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third-quarter.
Sales topped analysts' estimates, driven by consumers refreshing their wardrobes and looking for styles in new sizes.Stitch Fix also raised its revenue outlook for the full year, after previously. And it offered a better-than-expected sales outlook for its fiscal fourth quarter. Revenue grew 44% to $535.6 million from $371.7 million a year earlier, topping estimates for $511 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla, Liminal BioSciences, BlackBerry, Stitch Fix: What to Watch When the Stock Market Opens TodaySeveral “meme stocks” popular with retailer traders nudged higher premarket, including AMC, GameStop and BlackBerry
Read more »
Biden wants to fix the nation's teacher shortage. Educators say the problem is worsening.President Joe Biden's American Families Plan includes $9 billion to address the shortage, providing funding to train, equip and diversify the nation’s teachers.
Read more »
Google Cofounders Page And Brin Selling Alphabet Shares After Years Of No SalesThe two have sold $448 million worth of Alphabet stock since May—in their first sales since 2017.
Read more »
Tesla, Liminal BioSciences, BlackBerry, Stitch Fix: What to Watch When the Stock Market Opens TodaySeveral “meme stocks” popular with retailer traders nudged higher premarket, including AMC, GameStop and BlackBerry
Read more »
The Best-Dressed Models, Editors, and Designers at Men’s Fashion Week Share the Stories Behind Their LooksAhead of the spring 2022 menswear shows, eight of the industry’s most stylish guys shared the stories behind their best street style looks and told us what they’re excited to wear next.
Read more »