Stitch Fix Announces Share Repurchase Authorization of $150 Million
January 6, 2022
“This share repurchase program reflects the confidence we have in our strategy, unique value proposition and the growth potential ahead for
Under the repurchase program,
Repurchases under this program will be funded from the company’s existing cash and cash equivalents or future cash flow. As of
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward looking, including but not limited to our intention to repurchase shares of our common stock pursuant to the repurchase program, the sources and available funding for such repurchases, and statements regarding our expectations for future financial performance, including our strategy, unique value proposition, growth potential, and long term opportunity. These statements involve substantial risks and uncertainties, including risks and uncertainties related to the market price of our common stock; our ability to complete repurchases under the repurchase program in the amount authorized, or at all; the impact of the repurchase program on our business and financial condition; the ongoing COVID-19 pandemic, our responses to the pandemic and the responses of clients, competitors, suppliers, governmental authorities, and public health officials; our ability to generate sufficient net revenue to offset our costs; the growth of our market and consumer behavior; our ability to acquire, engage, and retain clients; our ability to provide offerings and services that achieve market acceptance; our data science and technology, stylists, operations, marketing initiatives, and other key strategic areas; risks related to our inventory; risks related to our supply chain, sourcing of materials and shipping of merchandise; risks related to international operations; and other risks described in the filings we make with the
Source: Stitch Fix, Inc.