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Investing.com – Stitch Fix (NASDAQ:SFIX) plunged Tuesday in after-market hours after swinging to a fiscal first-quarter loss and painting a dour outlook in a sign that the online personal styling service company is struggling to recapture its pandemic-fueled growth.
Stitch Fix (NASDAQ:SFIX) was down more than 15% in after-market hours.
Active clients rose 11% to 4.2 million on the prior-year period.
Looking ahead, the company forecast fiscal second quarter revenue of $505 million to $520 million, short of analysts estimates for $586.1 million.
“For the full fiscal year 2022, which ends on July 30, 2022, we expect year-over-year net revenue growth at a high single-digit rate and adjusted EBITDA margin to be between 1% and 2%,” the company said.
