The metric also outpaced the Zacks Consensus Estimate of $548 million. The company recorded net revenues of $571.2 million, reflecting an increase of 29% from the year-ago quarter’s figure. The bottom line also compared favorably with the loss of 44 cents per share reported in the prior-year quarter. The Zacks Consensus Estimate was of a loss of 14 cents per share. The company posted earnings of 19 cents a share. Q4 DetailsĪfter witnessing losses in the preceding two quarters, Stitch Fix posted a surprise profit in the fourth quarter of fiscal 2021. Net revenues also grew 22.8% from the last fiscal year’s figure to $2.1 billion. Management highlighted that the company crossed revenues of $2 billion, annually, in fiscal 2021 for the first time. Robust performance across its business in Women’s, Kids and the UK aided its overall results. Both metrics compared favorably with the year-earlier quarter’s tallies as well. Stitch Fix reported better-than-expected earnings and revenue results for fourth-quarter fiscal 2021.
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