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Stitch Fix Pins Revenue Growth on ‘Rapid Sourcing’

Join Sourcing Journal on May 18 at 11 am ET to learn how Cotton USA Solutions helped Tata Textile Mills become more efficient and create a path toward continues improvement.

Stitch Fix pleasantly surprised Wall Street analysts with its first-quarter results, seeing earnings of 9 cents per share on $9.5 million in net income, while net revenue rose 10 percent to $490.4 million. These totals exceeded the average analyst estimates for a per share loss of 18 cents and net sales of $481 million, according…

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