Stitch Fix (SFIX) Misses Q1 EPS by 4c; Guides Q2 Lower
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Stitch Fix Announces First Quarter of Fiscal Year 2023 Financial Results
December 6, 2022 4:05 PM ESTSAN FRANCISCO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the trusted online personal stylist, today announced its financial results for the first quarter of fiscal year 2023 ended October 29, 2022.
Stitch Fix CEO Elizabeth Spaulding said, This quarter we made meaningful progress on our transformation journey despite a difficult macro environment. Through diligent cost savings and efficiencies we beat our adjusted EBITDA expectations for Q1 and have improved our adjusted EBITDA guidance for FY23. By enhancing our client experience, rightsizing our cost structure, evolving our marketing and deepening our differentiators... More
