Stitch Fix Stock Sinks on Earnings Miss and Lowered Guidance as Customer Shedding Continues [Yahoo! Finance]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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US:NASDAQ Investor Relations:
investors.stitchfix.com
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Source: Yahoo! Finance
The stock's decline is attributable to the quarter's earnings missing the Wall Street consensus estimate, revenue guidance for the third quarter coming in lighter than analysts had expected, and management lowering its full-year top-line outlook. The magnitude of the decrease in "active clients" might have also been a tailwind. Below is an overview of Stitch Fix's fiscal Q2 results and its guidance, centered around five key metrics. The company discontinued its U.K. business in the prior quarter, and this operation is now reported as a discontinued operation in its financial reports. The key metrics below are for continuing operations. 1. Revenue from continuing operations declined 18% In fiscal Q2, net sales from continuing operations fell 18% year over year to $330.4 million, which was nearly in line with the $330.9 million Wall Street had expected. The result was in the middle of the company's own guidance range of $325 million to $335 million. 2. Active clients from conti
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SFIX
News
- Mastering Ecommerce: Consumer-Centric Strategies To Succeed Beyond Brick And Mortar [Forbes]Forbes
- Stitch Fix: Retention Strategies May Prove Costly (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Stitch Fix (SFIX) Gains on Operational Efficiency, Innovation [Yahoo! Finance]Yahoo! Finance
- Stitch Fix Cuts Over 2,000 Employees And Replaces Them With ChatGPT, Giving Them Option For Part-Time Or To Leave [Yahoo! Finance]Yahoo! Finance
- Fashion Workwear Brand Argent Helps Women In Every Field Drop-Kick The Glass Ceiling [Forbes]Forbes
SFIX
Earnings
- 3/4/24 - Miss
SFIX
Sec Filings
- 4/19/24 - Form 4
- 4/18/24 - Form 144
- 4/4/24 - Form 4
- SFIX's page on the SEC website