Stitch Fix Stock Price, News & Analysis

Stitch Fix, a leader in online personal styling, announced that its founder and CEO, Katrina Lake, will participate in a virtual fireside chat at the Goldman Sachs Technology and Internet Conference on February 10, 2021, at 12:40 PM PT / 3:40 PM ET. A live webcast and replay will be available on the investor relations section of the Stitch Fix website. Founded in 2011, Stitch Fix utilizes data science and human expertise to offer personalized apparel selections for men, women, and kids.

On December 9, 2020, Stitch Fix (NASDAQ: SFIX) announced a significant stock option and restricted stock unit grant to CFO Dan Jedda. The grant includes options to purchase 255,372 shares at $56.05 each, with a structured vesting schedule over three years, based on his continued service. Additionally, 129,874 restricted stock units are allocated, also vesting in stages over three years. This compensation plan aims to incentivize Jedda's commitment and performance within the company, reflecting its strategic approach to leadership retention and alignment with shareholder interests.

Stitch Fix, Inc. (NASDAQ:SFIX) reported its Q1 fiscal 2021 results, achieving net revenue of $490.4 million, a 10% increase year-over-year. The company added 347,000 active clients, totaling 3.8 million clients, an increase of 10% year-over-year. However, the net revenue per client fell by 4% to $467. A net income of $9.5 million equated to $0.09 diluted earnings per share, with an adjusted EBITDA of $6.9 million. The company anticipates 20%-25% growth for the full fiscal year.

Stitch Fix (NASDAQ: SFIX) announced Dan Jedda as the new CFO, effective December 9, 2020. Previously, Jedda served as VP and CFO at Amazon, managing Digital Video and Music sectors, contributing to substantial growth. CEO Katrina Lake emphasized his experience in innovating consumer engagement as pivotal for Stitch Fix's development. Jedda aims to enhance the company's personalization platform amid shifts toward online shopping, indicating strong future growth opportunities for the service.

Stitch Fix, Inc. (NASDAQ:SFIX) will announce its first quarter fiscal 2021 results on December 7, 2020, after market close. The announcement will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET, hosted by key executives including CEO Katrina Lake. Investors can access the call via live webcast on the company's investor relations site. The replay will be available until December 14, 2020. Stitch Fix aims to revolutionize shopping through personalized styling services combining data science and human insight.

Stitch Fix (NASDAQ: SFIX) announced the appointment of Neal Mohan to its Board of Directors, effective October 21, 2020. Mohan, currently Chief Product Officer at YouTube, brings extensive digital product leadership and operational expertise. His previous role at Google as Senior Vice President of Display and Video Ads further enhances his qualifications. Stitch Fix's Board now comprises nine members, with a majority being female. CEO Katrina Lake expressed enthusiasm for Mohan's insights as the company continues to innovate in online personal styling.

Stitch Fix (NASDAQ:SFIX) reported its financial results for Q4 and the full fiscal year 2020, ending August 1, 2020. Q4 net revenue reached $443.4 million, an 11% year-over-year increase, with 3.5 million active clients, up 9%. However, the company experienced a net loss of $44.5 million and a diluted loss per share of $0.44. For the full fiscal year, revenue totaled $1.7 billion with a net loss of $67.1 million. Despite challenges, the company is optimistic about its personalized shopping model and the performance of its direct buy offering.

Stitch Fix, a leading online personal styling service (NASDAQ:SFIX), will report its financial results for Q4 and full fiscal year 2020 on September 22, 2020. The announcement comes after the FY ended on August 1, 2020. A conference call will follow the earnings release at 2:00 p.m. PT, featuring CEO Katrina Lake and other executives discussing the results and future outlook. The call will be available via a live webcast on the Stitch Fix investor relations website.

Bellwether Coffee, based in Berkeley, California, has appointed Paul Yee as the new Chief Financial Officer. Yee, formerly CFO at Stitch Fix, brings over 20 years of experience in high-growth companies. During Q2, Bellwether reported over 100% growth in new roaster installations, benefiting from the pandemic-driven shift in the food and beverage industry towards e-commerce. Current customers, such as Unravel Coffee, have experienced a remarkable 400% increase in e-commerce sales. Yee aims to enhance customer ownership in coffee roasting while leading finance and operational functions at Bellwether.