Stitch Fix, Inc. (SFIX) released its second quarter earnings on Tuesday, March 11. The clothing company’s shares increased by over 20% after reporting better-than-expected revenue for the quarter.

Net revenue for the quarter came in at $312.1 million, down 5.5% from $330.4 million in net revenue at this time last year. This exceeded analysts’ expectations of $298.04 million in net sales.

“Our team delivered another strong quarter, once again exceeding our expectations as we further advanced our transformation strategy,” said Stitch Fix CEO, Matt Baer. “Our clients are responding to the improvements we have made to our experience, including the increased newness in our assortment, expanded Fix flexibility, and investments in stronger client-Stylist relationships. We are encouraged by our progress and remain focused on successfully executing our strategy so we can realize our vision to be the most client-centric and personalized shopping experience.”

The company posted a net loss of $6.6 million for the quarter or $0.05 per diluted share. This was an improvement from a net loss of $35.5 million or $0.29 per share during the same quarter last year.

Stitch Fix reported a 15.5% decline in active clients to 2,371,000 compared to the prior year. Net revenue per active client (RPAC) rose by 4.3% year-over-year to $537 per client. The company generated free cash flow of negative $19.4 million and ended the second quarter with $229.8 million in cash, investments and no debt. For the third quarter of fiscal 2025, Stitch Fix expects net revenue between $311 million and $316 million.

Stitch Fix, Inc. (SFIX) shares ended the week at $3.83, down 5.2% for the week.

DICK'S Sporting Goods Announces Earnings

DICK’S Sporting Goods, Inc. (DKS) announced its fourth quarter and full year earnings on Tuesday, March 11. The Pittsburgh-based sporting goods chain’s shares fell by 2% after the company announced weaker guidance for 2025.

The retailer reported quarterly net sales of $3.89 billion. This was up from $3.88 billion at the same time last year and more than analysts' expectations of $3.78 billion. Full-year net sales came in at $13.44 billion, up 3.5% from $12.98 billion the previous year.

"Our fourth quarter was an exceptionally strong finish to another great year,” said DICK’s Sporting Goods CEO, Lauren Hobart. “With a 6.4% Q4 comp we delivered the largest sales quarter in Company history. For the full year, our comps increased 5.2%, we drove meaningful EBT margin expansion, and we gained significant market share. I would like to thank all our teammates for their hard work and unwavering dedication to our business — at DICK'S, it is our people who make us great, and this strong performance is a direct result of their efforts."

For the fourth quarter, DICK’S reported net income of $300 million or $3.62 per diluted share. This was up from $296 million or $3.57 per diluted share reported at this time last year. For the full year, the company reported net income of $1.17 billion or $14.05 per diluted share.

The company’s comparable store sales grew 6.4% in the fourth quarter, compared to a 2.9% increase in the same quarter last year. For fiscal 2025, the company anticipates net sales to be between $13.6 billion and $13.9 billion with earnings per diluted share between $13.80 and $14.40. Comparable store sales are expected to increase by 1% to 3%. The company announced that it authorized a quarterly dividend of $1.21 per share of common stock and Class B common stock payable on April 11, 2025, to shareholders of record on March 28, 2025.

DICK'S Sporting Goods Inc. (DKS) shares ended the week at $194.50, down 8.3% for the week.

Kohl’s Releases Earnings

Kohl’s Corporation (KSS) reported its fourth quarter and full year earnings results on Tuesday, March 11. The department store chain announced a decline in profits and sales, resulting in a 24% drop in its shares following the release of the report.

The company reported quarterly net sales of $5.18 billion. This was down 9.4% from $5.71 billion this time last year but above analysts’ expectations of $5.15 billion for the quarter. Net sales for the full year came in at $15.39 billion, down 7.2% from net sales of $16.59 billion the year prior.

“Kohl’s is built on a strong foundation that includes operating more than 1,100 conveniently located stores nationwide, serving over 60 million customers, with 30 million of those customers being Kohl’s Loyalty Members,” said Kohl’s CEO, Ashley Buchanan. “Kohl’s has a tremendous opportunity to build on our strengths, address key areas of opportunity and better serve our customers every day. We have identified key areas of focus and are taking action in 2025 to reposition Kohl’s for future success.”

The company posted net income of $48 million or $0.43 per diluted share. This was down from net income of $186 million or $1.67 per diluted share during the same quarter last year. Net income for the full year was $109 million, down from net income of $317 million last year.

The Wisconsin-based department store chain reported a 6.7% decrease in its comparable sales year-over-year. The company had an inventory of $2.9 billion, an increase of 2% from the prior year. Kohl’s Board of Directors announced a quarterly cash dividend for common stock of $0.125 per share, payable on April 2, 2025, to shareholders of record on March 21, 2025. For fiscal 2025, Kohl’s expects comparable sales to decrease 4% to 6% and diluted earnings per share in the range of $0.10 to $0.60.

Kohl's Corporation (KSS) shares ended the week at $8.06, down 33.2% for the week.

The Dow started the week of 3/10 at 42,508 and closed at 41,488 on 3/14. The S&P 500 started the week at 5,705 and closed at 5,639. The NASDAQ opened the week at 17,840 and closed at 17,754.

Treasury yields dipped early in the week as investors evaluated the latest economic data, which showed that inflation improved from a month ago. Yields recovered later in the week following reports of unemployment claims declining, indicating a resilient labor market.

On Wednesday, the U.S. Bureau of Labor Statistics announced that the consumer price index (CPI), which measures the cost of dozens of everyday consumer goods, increased 0.2% in February, lower than economists’ forecast of 0.3%. The year-over-year CPI rose to 2.8% in February, down from 3.0% in January and below economists’ projections of 2.9%.

“It is worth remembering that this may be the calm CPI report before the storm,” said chief global strategist at Principal Asset Management, Seema Shah. “Not only does the Fed need to wait for tariff policy clarity, but once tariff implementation arrives it is likely to bring at least some price increases, with the inflation picture potentially getting uglier as the months go on. The Fed — and markets — are not yet in the clear.”

The benchmark 10-year Treasury note yield opened the week of March 10 at 4.30% and traded as high as 4.36% on Thursday. The 30-year Treasury bond opened the week at 4.60% and traded as high as 4.67% on Thursday.

On Thursday, the U.S. Department of Labor reported that initial claims for unemployment decreased by 2,000 to 220,000 for the week ending March 8. This was less than the 225,000 claims analysts expected. Continuing claims decreased by 27,000 to 1.87 million.

“The very low trend in claims is unlikely to last much longer,” said chief U.S. economist at Pantheon Macroeconomics, Samuel Tombs. “We continue to expect weekly initial jobless claims to average 250,000 in April.”

The 10-year Treasury note yield finished the week of March 10 at 4.32% while the 30-year Treasury note yield finished the week at 4.62%.

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, March 13. The survey revealed that mortgage rates remained comparatively steady from the previous week.

This week, the 30-year fixed mortgage rate averaged 6.65%, up from last week’s average of 6.63%. Last year at this time, the 30-year fixed mortgage rate averaged 6.74%.

The 15-year fixed mortgage rate averaged 5.80% this week, up slightly from last week’s average of 5.79%. During the same week last year, the 15-year fixed mortgage rate averaged 6.16%.

“Despite volatility in the markets, the 30-year fixed-rate mortgage remained essentially flat from last week,” said Freddie Mac’s Chief Economist, Sam Khater. “Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded. Purchase applications are up 5% as compared to a year ago. The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical spring homebuying season.”

Based on published national averages, the savings rate was 0.41% as of 2/18. The one-year CD averaged 1.80%.