With Stitch Fix's (NASDAQ: SFIX) stock down 40% from its high earlier this year, the market may be handing investors a nice entry point for the stock. This personalized clothing recommendation company has ambitious long-term revenue growth targets of 20% to 25% per year. Management is counting on five growth engines to deliver on that promise.
Attracting quality customers is the number one way for this personal stylist company to grow. In 2019, active clients, which are defined as basically anyone who bought something in the preceding 52 weeks, grew 18% to 3.2 million.
Source: Stitch Fix Q4 2019 shareholder letter Note: YoY=Year over Year. FY=Fiscal Year. The company's 2019 fiscal year ended August 3, 2019. Other fiscal years end on Saturday closest to July 31 of that year.