Stitch Fix jumps after raising annual revenue forecast

Shares of online styling service Stitch Fix SFIX.O rise 20% to $5.08 in extended trading

SFIX raises FY25 net revenue forecast, expects Q2 net revenue above estimates

SFIX now sees annual net revenue in the range of $1.23 billion to $1.24 billion, up from its earlier forecast of $1.14 billion to $1.18 billion

For Q3, company expects net revenue to be between $311 million and $316 million, above analysts' estimates of $278.6 million

Company posts Q2 net revenue of $312.1 million, vs an expectation of $298 million

Up to Tuesday's close, stock down 3.2% YTD