Stitch Fix stock soars more than 30% after earnings surprise; new CFO from Amazon announced

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Stitch Fix Inc. posted a surprise profit and hired a new chief financial officer from Amazon.com Inc., sending shares soaring more than 25% higher late Monday.

Stitch Fix Inc. posted a surprise profit and hired a new chief financial officer from Amazon.com Inc., sending shares soaring more than 30% higher late Monday.

“This quarter we are proud to have achieved several multiyear highs, including our highest sequential client addition on record and the highest level of successful first Fixes in the past five years,” Chief Executive Katrina Lake said in Monday’s announcement, adding that she expects “between 20% and 25% growth for the full year.”

 

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