Stitch Fix, Inc
Stitch Fix, Inc

Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. Stitch Fix, Inc. was founded in 2011 and is headquartered in San Francisco, California...
Founded: 2011
Full Time Employees: 8,000
CEO: Elizabeth Spaulding  
Sector: Consumer Cyclical
Industry: Specialty Retail
Next Earnings Date: 2022-12-06
Stock price: $3.795 (-0.65%)
Stitch Fix shares skyrocket more than 30% on earnings beat, upbeat outlook
By: ssmlee04 Community Lead :))   💬 98   
   on Dec 08, 2020

For its fiscal first quarter ended Oct. 31, Stitch Fix reported earnings of 9 cents per share on revenue of $490.4 million, topping estimates for a loss of 20 cents per share on revenue of $481.2 million, according to Refinitiv data.

Its base of active clients grew to nearly 3.8 million, up 10.2% from a year ago. Stitch Fix defines active clients as people who have bought an item directly from its website, called a “fix,” in the preceding 52 weeks from the last day of the quarter.

There's a saying a mom portfolio would outperform a manager's portfolio and this has mostly been true from my observation. $sfix $pins $etsy

Stitch Fix
By: ssmlee04 Community Lead :))   💬 98   
   on Apr 05, 2020

They're a company that helps you determine what to wear for a price. According to wiki:

Stitch Fix is a personal styling service that sends individually picked clothing and accessories items for a one-time styling fee. Customers fill out a survey online about their style preferences. A stylist at the company picks five items to send to the customer. Stylists pick items based on a customer's survey answers and any access the customer gives them to their social media outlets such as Pinterest. The customer schedules a date to receive their items, which is referred to as a "Fix". Once the shipment is received, the customer has three days to choose to keep the items or return some or all of them. If the customer keeps at least one item, the initial styling fee is credited towards the cost of the item. In addition to the styling fee being credited, if the customer decides to keep all five items, the customer receives 20% off the total cost of the items. Customers choose the shipping frequency, such as every two weeks, once a month, or every two months. The company also supports integration with Pinterest boards, allowing customers to add photos of fashion looks that they like. These boards may be viewed by a Stitch Fix stylist.

I couldn't see myself using it. I also can't see this working for longer term. The reason is this user experience would get less interesting over time. You would end up just cancelling the service because you have no time to return the packages or picking what to keep or what to return. Or it could be simply that your wardrobe has limited size and you don't really need that many new cloths every month. Also, according to this website their price per item is $55 on average, and that puts the price per package to be around $250 - $300, which is definitely not cheap.

So they're kind of your personalized clothing stylists. But recently because of the virus you don't even need to go out to work. So if I am a subscriber of the service this would be one of the first things that I cut. This is why I don't think their service would do well in the next while.

They also give you bad earnings prospect during their recent earnings calls. It's still impressive what they have achieved in the past years though.