Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday.
That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing from Stitch Fix in the preceding 12 months.
Its shares initially tanked as much as 12% in after-hours trading following the release. The stock was recently up less than 1%, having closed the day up 4.2%.
Here’s how Stitch Fix did during its fiscal fourth quarter compared with what analysts were expecting, based on data pulled from Refinitiv:
- Earnings per share: 7 cents vs. 4 cents expected
- Revenue: $432.1 million vs. $432 million expected
Stitch Fix reported a profit for the quarter ended Aug. 3 of $7.2 million, or 7 cents per share, compared with $18.3 million, or 18 cents a share, a year ago. That was 3 cents better than analysts polled by Refinitiv were expecting.
Revenue climbed 36% to $432.1 million from $318.3 million a year ago. That was about in-line with expectations for $432 million.
“These gains are a testament to the strength of our data science capabilities,” CEO Katrina Lake said in a statement.
The company said it managed to grow revenue per active client in every quarter of fiscal 2019, which included 9% growth, year over year, during the fourth quarter.
As of Tuesday’s market close, Stitch Fix shares had climbed about 18% this year.