It is a new season, so a fresh look for a retail styling company is to be expected. Whether it is an improvement for Stitch Fix might depend on whom you ask.
Stitch Fix reported solid results for the period ended July 31 on Tuesday afternoon with revenue topping analysts’ forecast, driven by record net revenue per active client. The company said gross margins in the quarter hit an all-time high, noting gains in product margins and shipping efficiencies. Importantly, the company posted net income of more than $21 million in the period; Wall Street had been expecting a loss.
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