Earnings came in at 7 cents per share, beating estimates by 3 cents. Sales came in at $432.1 million, slightly missing estimates by $320,000.
"Q4 was another strong quarter for us, delivering net revenue of $432.1 million, representing 36% year-over-year growth," said founder and CEO Katrina Lake. "...In addition, we consistently demonstrated our ability to deliver great client experiences, growing revenue per active client in every quarter of fiscal 2019, including 9% year over year in Q4."
- Active clients of 3.2 million, an increase of 18% year-over-year
- Net revenue increased 36 year-over-year
- Net income of $7.2 million
Stitch Fix shares initially fell as much as 14% in Tuesday's after-hours session, although shares were trading higher by 2% at time of publication. The stock closed the regular trading session higher by 4.2% at $20.06 per share.
Buy Stitch Fix Amid Record Short Interest, SunTrust Says Ahead Of Q4 Report
Wall Street Positive On Stitch Fix Amid Tough Apparel Retail Backdrop
Photo courtesy of Stitch Fix.
See more from Benzinga
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.