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Stitch Fix, Inc. - SFIX STOCK NEWS

Welcome to our dedicated page for Stitch Fix news (Ticker: SFIX), a resource for investors and traders seeking the latest updates and insights on Stitch Fix stock.

Stitch Fix, Inc. (NASDAQ: SFIX) is a pioneering fashion retailer that combines expert styling with proprietary technology to deliver a uniquely personalized shopping experience. Founded with the vision of merging data science with human judgment, Stitch Fix offers personal style services tailored to individual preferences. Clients begin by filling out the Stitch Fix style profile, after which personal stylists handpick a 'fix' of five clothing items and accessories tailored to their taste, budget, and lifestyle.

The company extends its personalized styling services to both men and women across various categories, including Women's, Petite, Maternity, Men's, and Plus. The comprehensive product range includes denim, dresses, blouses, skirts, shoes, jewelry, and handbags, catering to various price points and style preferences.

Stitch Fix operates on a model where each shipment, known as a 'FIX,' is curated based on a combination of client data and merchandise analysis, ensuring the selections are tailored to meet the client’s needs. Clients can purchase the items they love and return the rest, making the shopping experience convenient and hassle-free.

Recent developments highlight Stitch Fix's robust financial performance. As of the first quarter of fiscal 2024, the company has reported its financial results, demonstrating significant milestones. The company continues to refine its strategies by adjusting its fiscal year net revenue to provide accurate year-over-year comparisons. These adjustments reflect the company's commitment to transparent and effective financial reporting.

Stitch Fix's unique blend of technology and personal touch has established it as a trusted service in the online personal styling industry. For more details, contact their IR at Hayden Blair (ir@stitchfix.com) or PR at Kathryn Hull (media@stitchfix.com).

News

Stitch Fix Announces Second Quarter of Fiscal Year 2024 Financial Results

Rhea-AI Summary
Stitch Fix, Inc. (NASDAQ:SFIX) announced its Q2 fiscal 2024 results with net revenue of $330.4 million, a 18% decrease YoY. The company reported a net loss of $35.0 million, but saw an increase in gross margin to 43.4%. Active clients decreased by 184,000 quarter-over-quarter. The financial outlook for Q3 2024 anticipates a net revenue of $300-310 million and an adjusted EBITDA of $(5)-$0 million.
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Stitch Fix Announces Date for Second Quarter 2024 Financial Results and Conference Call

Rhea-AI Summary
Stitch Fix, Inc. (NASDAQ: SFIX) will release its Q2 fiscal year 2024 financial results on March 4, 2024. The conference call will feature CEO Matt Baer and CFO David Aufderhaar discussing financial results and outlook.
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Stitch Fix Announces New Employee Inducement Grant

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Stitch Fix, Inc. (NASDAQ:SFIX) granted restricted stock units (RSUs) to a new employee to acquire 63,679 shares of the company’s Class A common stock. One fourth of these restricted stock units will vest on March 13, 2024, and the remainder will vest in 3 equal quarterly installments of 1/4th over the next three subsequent quarterly RSU vesting dates, subject to the recipient's continuous service on each vesting date. The RSUs were granted pursuant to the Stitch Fix, Inc. Amended and Restated 2019 Inducement Plan and forms of stock option and RSU agreements thereunder, approved by the company's board of directors in April 2022 under Rule 5635(c)(4) of the Nasdaq Global Market for equity grants to induce new employees to enter into employment with the company.
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News

Stitch Fix Announces New Employee Inducement Grants

Rhea-AI Summary
Stitch Fix, Inc. (NASDAQ:SFIX) granted 283,588 restricted stock units (RSUs) to two new employees, with vesting schedules over the next three quarterly RSU vesting dates, subject to continuous service. The RSUs were granted under the company's Amended and Restated 2019 Inducement Plan approved by the board of directors in April 2022.
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Stitch Fix Announces New Employee Inducement Grant

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Stitch Fix, Inc. (NASDAQ:SFIX) announced the grant of 722,543 stock options and 361,272 restricted stock units to its Chief Product and Technology Officer, Tony Bacos, with a vesting schedule over multiple quarterly dates. The options and RSUs were granted under the 2019 Inducement Plan to induce new employees to join the company.
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Stitch Fix Announces First Quarter of Fiscal Year 2024 Financial Results

Rhea-AI Summary
Stitch Fix, Inc. (NASDAQ:SFIX) announced its financial results for the first quarter of fiscal 2024, with net revenue from continuing operations of $364.8 million, a decrease of 18% year-over-year, but at the higher end of the guidance range. The company reported a net loss of $26.2 million and diluted loss per share of $0.22. Active clients decreased by 4% quarter-over-quarter and 15% year-over-year. However, Stitch Fix generated positive free cash flow for the fourth quarter in a row, ending the quarter with $262.3 million of cash, cash equivalents, and investments. The company also entered into a credit agreement with Citibank, N.A., providing for a $50.0 million revolving credit facility.
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Stitch Fix Announces Date for First Quarter 2024 Earnings Release and Conference Call

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Stitch Fix, Inc. (NASDAQ: SFIX) is set to release its financial results for the first quarter of fiscal year 2024 on December 5, 2023. The company will host a conference call to discuss the results and outlook. The call will be led by CEO Matt Baer and CFO David Aufderhaar. A live webcast of the call will be available on the Stitch Fix investor relations website, and a replay will also be accessible for a limited time.
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Stitch Fix Announces Appointment of Tony Bacos as Chief Product and Technology Officer

Rhea-AI Summary
Stitch Fix, Inc. announced that Tony Bacos is joining the company as Chief Product and Technology Officer. Bacos will lead the technology, product, data science, security, and IT teams to drive product innovation, optimize the client experience, and grow the business. Bacos has expertise in ecommerce and fashion retail, and previously held leadership roles at Frontdoor and Amazon Fashion.
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Stitch Fix Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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Stitch Fix announces Q4 and full year fiscal 2023 financial results, with net revenue decrease of 22% and 21% respectively. CEO expresses commitment to driving long-term growth. UK business to be discontinued. Q1 fiscal 2024 outlook shows YoY decline in net revenue and adjusted EBITDA for US business.
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12.13%
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Stitch Fix Announces Date for Fourth Quarter and Full Fiscal Year 2023 Earnings Release and Conference Call

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Stitch Fix to release Q4 and FY 2023 financial results on September 18, 2023
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FAQ

What is the current stock price of Stitch Fix (SFIX)?

The current stock price of Stitch Fix (SFIX) is $4.31 as of December 31, 2024.

What is the market cap of Stitch Fix (SFIX)?

The market cap of Stitch Fix (SFIX) is approximately 546.7M.

What is Stitch Fix, Inc.?

Stitch Fix, Inc. (NASDAQ: SFIX) is a fashion retailer that offers personalized styling services through a combination of expert styling and proprietary technology.

How does Stitch Fix's styling service work?

Clients fill out a style profile, and personal stylists handpick five items tailored to their preferences. Clients can buy what they like and return the rest.

What types of products does Stitch Fix offer?

Stitch Fix offers a wide range of products including denim, dresses, blouses, skirts, shoes, jewelry, and handbags across different categories and price points.

Who can use Stitch Fix's services?

Stitch Fix provides styling services for men and women, including categories like Women's, Petite, Maternity, Men's, and Plus.

How does Stitch Fix personalize its product selections?

Stitch Fix uses a combination of data science and human judgment to analyze client profiles and merchandise data, ensuring a personalized selection in each shipment.

What recent financial highlights has Stitch Fix reported?

As of the first quarter of fiscal 2024, Stitch Fix announced financial results with adjustments to fiscal year net revenue for accurate year-over-year comparisons.

What is a 'FIX' in Stitch Fix's service?

A 'FIX' is a personalized shipment of five clothing items and accessories handpicked by a stylist based on the client’s preferences.

How can I contact Stitch Fix for more information?

For investor relations, contact Hayden Blair at ir@stitchfix.com. For media inquiries, contact Kathryn Hull at media@stitchfix.com.

Does Stitch Fix offer products at different price points?

Yes, Stitch Fix offers products across various price points, ensuring options that cater to different budgets and preferences.

What is the unique value proposition of Stitch Fix?

Stitch Fix combines expert human styling with proprietary technology to create a personalized and convenient shopping experience that caters to individual tastes and lifestyles.
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Stitch Fix, Inc.

Nasdaq:SFIX

SFIX Rankings

#3042 Ranked by Market Cap
N/A Ranked by Dividends

SFIX Stock Data

546.69M
97.64M
6.37%
86.98%
4.71%
Apparel Retail
Retail-catalog & Mail-order Houses
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United States of America
SAN FRANCISCO