SAN FRANCISCO – Sew Repair Inc. (NASDAQ:SFIX) shares surged 21.7% in after-hours buying and selling Tuesday after the net private styling service reported a narrower-than-expected loss and supplied upbeat steering for the present quarter.
The corporate posted a fiscal first-quarter lack of $0.05 per share, beating analyst estimates for a $0.14 per share loss. Income got here in at $318.8 million, topping expectations of $307.04 million however down 12.6% YoY.
For the fiscal second quarter, Sew Repair forecast income between $290 million and $300 million, forward of the $283.6 million consensus estimate.
“Our fiscal yr is off to a robust begin. We exceeded our expectations within the first quarter on the highest and backside traces,” mentioned CEO Matt Baer. He added that shoppers are responding positively to new assortment choices and enhancements to the consumer expertise.
The corporate ended the quarter with 2.43 million lively shoppers, down 18.6% YoY however representing a slower charge of decline in comparison with latest quarters. Web income per lively consumer rose 4.9% YoY to $531.
Gross margin expanded 180 foundation factors to 45.4%, which the corporate attributed to improved transportation leverage and product margins.
Sew Repair maintained its full-year fiscal 2025 income outlook of $1.14 billion to $1.18 billion. The corporate continues to anticipate a return to income development by the tip of fiscal 2026.
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