Stitch Fix Q3: Client Count Down 1.9% While Revenue Per Client Rises 6.6%
SFIX sits 41% above its 52-week low of $2.95 on elevated volume (3.2× avg).
Summary
Stitch Fix's Q3 earnings details reveal a 1.9% decline in active clients to 2.309 million, likely year-over-year, despite the company's reported sequential client growth for the quarter. This follows the better-than-expected Q3 results announced earlier this week. On a positive note, revenue per client increased by 6.6% due to higher average order value. UBS also raised its price target for SFIX from $4.00 to $4.50.
At the time of this announcement, SFIX was trading at $4.16 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $573.4M. The 52-week trading range was $2.95 to $5.94. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.