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YOY = year over year. Active clients of 3.4 million, an increase of 9% year over year Its operating spending rate rose by seven percentage points. Get the detailed quarterly/annual income statement for Stitch Fix, Inc. (SFIX). *Overstates underlying performance since net annual revenue benefited from the extra week in Q4 fiscal 2019 relative to the year-ago period.

Net quarterly sales decreased 9% year over year to $371.7 million, missing the $410.6 million Wall Street had expected. Stitch Fix's revenue is the ranked 1st among it's top 10 competitors. But the future lies in initiatives like direct buy and collaborations. However, that's down from 3.5 million active clients in the previous quarter.Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Revenue dropped 9%. She contrasted Stitch Fix’s revenue decline to an 80% drop in the broader apparel and accessories market. The information and content are subject to change without notice.Ownership data provided by Refinitiv and Estimates data provided by FactSet.Revenue fell 9% from the year-ago period. Stitch Fix offers more ranges, starting from $28-$50 or $34-$50, going up to $200+.

*Real-time prices by Nasdaq Last Sale. In May, the company launched in the United Kingdom, a move that was expected to impact earnings projections.Here's what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:In a letter to shareholders, the company said it used predictive algorithms to better reach female clients "who possess attributes that drive long-term relationships." Stitch Fix said it strengthened its men's business by increasing its product assortment and adding more exclusive brands to its selection.Sign up for free newsletters and get more CNBC delivered to your inboxData is a real-time snapshot *Data is delayed at least 15 minutes. SAN FRANCISCO, June 08, 2020 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, has released its financial results for the third quarter of fiscal year 2020 ended May 2, 2020, and posted a letter to its shareholders on its investor relations website.. Third quarter highlights. Wall Street expected an adjusted loss of 15 cents on revenue of $418.2 million, according to FactSet.The company said it ended the quarter with 3.4 million active clients, an increase of 9% from the year-ago period. The 33-cent loss compares with a 7-cent loss from a year ago.The company held its initial public offering in November 2017, pricing Stitch Fix stock at 15.It reported net revenue per active client of $498. 1.

Stitch Fix has posted seven consecutive quarters of more than 20% growth in revenue since it became a public company in 2017. As I look forward, I'm excited about the opportunities ahead to delight even more clients around the world."The company also credited its year-old service Style Pass for improving client retention, growing average revenue per client and increasing client satisfaction compared with non-Style Pass clients. The service offers unlimited styling for a yearly $49 fee, which is credited toward items a client purchases.

"The continued strength of our Women's category and the growth of our Men's category give us even more confidence in our ability to scale new categories and geographies. Sales in the third quarter of 2019 grew 29% to $408.9 million, widely beating the $394.9 million analysts expected. Analysts predicted results at a loss of 3 cents per share, based on a poll by Refinitiv.Stitch Fix has posted seven consecutive quarters of more than 20% growth in revenue since it became a public company in 2017.