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According to Stitch Fix, the number of active customers increased by 25% over last year, reaching 2.7 million at the end of the fourth quarter, while analysts expected 2.81 million, according to StreetAccount .
Stitch Fix also announced Monday its expansion in the United Kingdom, which should be done by the end of next year.
"We are confident that our ability to create a personalized shopping experience will be a source of resonance for consumers and brands outside the United States," said CEO Katrina Lake in a statement.
During the previous quarter, the company had announced the launch of a version of its online fitness service aimed at children. The company was looking for ways to diversify its revenue streams while managing its investments. The company also began expanding its business for men and large companies, but said that these divisions still had lower gross margins than women.
Stitch Fix forecasts sales ranging from $ 354 to $ 360 million in the first quarter and $ 1.47 to $ 1.53 billion for the year. Analysts expect a turnover of $ 359.2 million for the current quarter and $ 1.48 billion for the 2019 fiscal year.
Stitch Fix has a market capitalization of approximately $ 4.4 billion.
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