Stitch Fix Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Value
Company profile

Stitch Fix, Inc. is an online personalized styling service company. The Company operates primarily in the United States and United Kingdom. The Company combines the human touch of stylists with the precision of advanced data science to make online personal styling accessible to everyone. The Company serves its clients in categories, such as women's, petite, maternity, men's, kids, and plus apparel, as well as shoes and accessories. The Company leverages its data science through a custom-built, Web-based styling application that provides recommendations to its stylists from its selection of merchandise. It also gathers a range of merchandise data, such as inseam, pocket shape, silhouette, and fit. Its clients can engage in receiving a personalized shipment of items informed by its algorithms and sent by a Stitch Fix stylist (a Fix). Its clients can purchase directly from its Website or mobile app based on a personalized assortment of outfit and item recommendations.

Closing Price
$4.94
Day's Change
0.52 (11.76%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.98
Day's Low
4.33
Volume
(Above Average)
Volume:
2,982,170

10-day average volume:
2,683,509
2,982,170

Calvin Klein maker PVH jumps on upbeat forecast

5:44 pm ET November 30, 2022 (MarketWatch)
Print

Shares of PVH Corp. jumped after-hours on Wednesday after the maker of Calvin Klein and Tommy Hilfiger clothing offered a more upbeat full-year forecast, following a third quarter that was aided by price increases for clothing. Executives said they expected full-year sales to be "at the top end of previous guidance range," for a decrease of around 3% year-over-year, compared with a prior forecast for a drop of between 3% and 4%. PVH forecast adjusted earnings per share of $8.25, compared with a prior forecast for $8. Shares rose 10.2% after hours. For the third quarter, the company reported a loss of $186.7 million, or $2.88 a share, contrasting with a $279.7 million profit, or $3.89 a share, in the prior-year quarter. Sales were $2.14 billion, compared with $2.21 billion in the same quarter last year. Adjusted for goodwill and cost savings plans, PVH earned $2.60 a share, compared with $2.67 in the period in 2021. Analysts polled by FactSet expected adjusted earnings of $2.18 a share on revenue of $2.23 billion. Chief Executive Stefan Larsson noted "continuing macroeconomic headwinds," but said PVH's "pricing power" held steady, and he said he was encouraged by trends in North America. "Our international businesses continued to execute well across both brands, even as macro conditions remain challenging in Europe and COVID impacts continued in Asia," he said.

-Bill Peters

	

(END) Dow Jones Newswires

November 30, 2022 17:44 ET (22:44 GMT)

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