SAN FRANCISCO - Stitch Fix Inc. (NASDAQ:SFIX) shares tumbled 13% in after-hours trading Tuesday after the online personal styling service reported a wider-than-expected loss for its fiscal fourth quarter and issued disappointing guidance.
The company posted a loss of $0.29 per share for the quarter ended August 3, missing analyst estimates of a $0.20 per share loss. Revenue fell 12.4% YoY to $319.6 million, slightly ahead of the $318.48 million consensus estimate.
Stitch Fix's outlook also fell short of expectations. For the first quarter of fiscal 2025, the company forecast revenue between $303 million and $310 million, well below analyst projections of $331.3 million.
"We are executing our transformation strategy with discipline and, during the fourth quarter, we delivered results at the high end of our guidance on both the top and bottom line," said CEO Matt Baer.
However, Baer acknowledged "there is a lot of work still to do" as the company aims to return to revenue growth by the end of fiscal 2026. Active clients declined 19.6% YoY to 2.51 million in Q4.
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