Katrina Lake, CEO of Stitch Fix
Adam Jeffery | CNBC
Stitch Fix shares dropped by more than 14% in after-hours trading Tuesday as the company reported steep losses for the fiscal fourth quarter.
Here’s how the company did during its fiscal fourth quarter ended Aug. 1 compared with Refinitiv estimates:
- Loss per share: 44 cents vs. 16 cents per share, expected
- Revenue: $443.4 million vs. $414.9 million, expected
The online personal styling service reported a fourth-quarter loss of $44.5 million, or 44 cents per share, compared with earnings of $7.2 million, or 7 cents per share, a year ago.
Revenue in the quarter rose to $443.4 million, an increase of about 11% from $432.1 million a year prior…