Why Stitch Fix (SFIX) Shares Are Plunging Today [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 weak topline performance was impacted by a decline in active clients, which fell below expectations ( -17% year on year). Revenue per active client also came in weak (-3% year over year). The bigger concern is the underwhelming guidance as the company lowered full-year revenue and adjusted EBITDA guidance. FY'24 revenue is expected to come in at $1.29 billion - $1.32 billion (vs. previous guidance of $1.30 billion - $1.37 billion), and adjusted EBITDA is expected to be within $10 million - $20 million ( vs. previous expectation for $10 million - $30 million). Management attributed the reduced growth outlook to "the current trends we are seeing in active clients." The company also noted it had stopped operations in the UK, which reduced its footprint. Lastly, Stitch Fix continued to burn cash, and its key profitability metrics, including EPS, EBITDA, and operating income, were much worse than expected during the quarter. Overall, the results were weak.With the results and the s
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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