trending Market Intelligence /marketintelligence/en/news-insights/trending/hGNkU0XdmyYS58RqpVDoxw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Stitch Fix posts $13.5M net income, forecasts revenue growth

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Stitch Fix posts $13.5M net income, forecasts revenue growth

Stitch Fix Inc. posted positive profit growth as it released earnings for the first time since its IPO in November, while expecting slightly slower year-over-year revenue growth.

For the first quarter of fiscal 2018 ended Oct. 28, the apparel subscription service posted $13.5 million in net income, up from $13.2 million in the year-ago period. Diluted EPS stood at 4 cents, lower than the 14 cents from a year earlier but still beating the S&P Capital IQ consensus estimate of 3 cents.

The San Francisco-based company also expects net revenue grow by 21% to 24% year over year to between $287 million and $294 million for the fiscal second quarter ending Jan. 27, 2018. It also expects net revenue to grow 20% to 25% to between $1.17 billion and $1.22 billion for full-year fiscal 2018 ending July 28.

The S&P Capital IQ consensus estimate for the company's revenue stands at $291.7 million for the fiscal second quarter and $1.19 billion for fiscal 2018.

During the fiscal first quarter, the company reported that revenue grew to $295.6 million from $236 million a year ago, representing 25.2% year-over-year top-line growth.

Its gross margin, however, dropped to 43.7% from 46.6% in the previous year due to planned investment in new categories such as menswear and plus-size clothing. The company expects gross margins to continue the decline in the near term but to improve as these businesses grow.

Meanwhile, its active client count increased by 549,000 and 29.7% year over year to 2.4 million as of Oct. 28.