Shares of Stitch Fix (SFIX) reversed course to fall after hours after the retailer topped analysts’ fourth-quarter earnings expectations and reported revenue in line with estimates, but projected lighter-than-expected guidance.
Stitch Fix shares fell $1.68, or 8.4%, to $18.38 in after-hours action. Initially the stock had risen as much as 1.4% in after-hours trading.
For the fourth quarter ended Aug. 3, the San Francisco online personal styling service earned 7 cents a share on revenue of $432 million.
Analysts polled by FactSet were expecting the company to report earnings of 4 cents on revenue of $432 million.
The company touted an 18% increase in active clients to 3.2 million.
But Stitch Fix also issued first-quarter revenue guidance of $438 million to $442 million vs. Wall Street expectations of $451.3 million.