Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic. Chief Executive Katrina Lake said, however, the company expects to return to revenue growth
Earnings
Broadcom Corp. signage is displayed outside of the company’s headquarters in Irvine, California. Patrick Fallon | Bloomberg | Getty Images Broadcom on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains. The
Gap Inc.‘s first-quarter sales fell 43%, the clothing maker reported Thursday, as its stores were shut for much of the period due to the coronavirus pandemic. Chief Executive Sonia Syngal said in a statement that sales continued to decline into May, after the first quarter ended, but the retailer had online growth of more than
The Slack Technologies Inc. logo is seen behind the “Fearless Girl” statue outside the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Slack shares fell as much as 17% in extended trading on Thursday after the company reported first quarter earnings. Slack reported
Stewart Butterfield speaks on November 08, 2019 in San Francisco, California. Phillip Faraone | Getty Images Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The