Stitch Fix pulls forecast for year on coronavirus uncertainty [MarketWatch]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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Source: MarketWatch
Stitch Fix Inc. said late Wednesday it was pulling its outlook for the year because of the "increasing uncertainty" arising from the COVID-19 pandemic. Back in March, Stitch Fix forecast a lower-than-expected revenue outlook of $465 million to $475 million for the fiscal third quarter, and $1.81 billion to $1.84 billion for the year. At last check, analysts surveyed by FactSet were looking for third-quarter revenue of $461.8 million, and full-year revenue of $1.81 billion. The company said it had to close two of its distribution centers -- one in South San Francisco, Calif., and one in Bethlehem, Penn. -- to comply with local public health orders. "While we anticipated our business would be impacted, we did not have visibility into the extent to which it would disrupt our distribution centers," said Katrina Lake, Stitch Fix chief executive, in a statement. Stitch Fix shares declined 0.5% after hours, following a 1.7% rise to close the regular session at $13.57.
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SFIX
News
- 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
- Top 4 denim trends for spring, according to fashion experts [CNN]CNN
- Stitch Fix, Inc. (NASDAQ: SFIX) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $2.80 price target on the stock.MarketBeat
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