Stitch Fix grows Q3 revenue by 29 percent as it prepares to launch Stitch Fix Kids

Online personal styling service, Stitch Fix, Inc., for its third quarter of fiscal year 2018 ended April 28, 2018 reported 30 percent increase in active clients to 2.7 million, while net revenue of 316.7 million dollars, increased 29 percent year over year. The company also recorded net income of 9.5 million dollars, adjusted EBITDA of 12.4 million dollars and diluted earnings per share of 0.09 dollar. The company also announced the upcoming launch of Stitch Fix Kids and appointment of Deirdre Findlay as the company’s new Chief Marketing Officer.