Stitch Fix Inc. is reaching higher.
The styling service, which sends users looks to try on at home, posted its fifth consecutive quarter of growth as customers continued to spend more on the service.
Net revenue for the fiscal third quarter ended May 2 rose 4.7 percent to $340.3 million. Stitch Fix’s active client count stood at 2.3 million, up 0.9 percent from the second quarter, but still down 1.9 percent from a year earlier.
Revenue per active client increased 6.6 percent to $578 — the highest level ever.
And net losses tallied $1.5 million, an improvement from losses of $7.4 million a year earlier.
