Stitch Fix Stock Jumps On $150M Share Repurchase Program

by Shivani Kumaresan, Benzinga Staff Writer

January 6, 2022 2:16 PM | 1 min read |

Stitch Fix Inc SFIX said its Board of Directors had authorized a share repurchase program for up to $150 million of its Class A common stock.
The company plans to fund the repurchases under this program with its existing cash and cash equivalents or future cash flow.
Stitch Fix held $400.5 million in cash and equivalents as of October 30, 2021.
The company had 83.19 million Class A common shares and 25.6 million Class B common shares outstanding as of October 30, 2021.
Price Action: SFIX shares are trading higher by 12.5% at $19.83 on the last check Thursday.

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