Stitch Fix Q3 EPS $(0.19) Beats $(0.30) Estimate, Sales $394.91M Beat $388.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stitch Fix reported Q3 losses of $(0.19) per share, beating the $(0.30) estimate by 36.67%. Sales reached $394.91M, surpassing the $388.94M estimate by 1.54%. However, this is a 19.89% decrease compared to the same period last year.
June 06, 2023 | 8:08 pm
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Stitch Fix's Q3 earnings beat estimates with a 36.67% higher EPS and 1.54% higher sales. However, sales decreased by 19.89% YoY.
Stitch Fix's Q3 earnings exceeded expectations, with a higher EPS and sales than estimated. This positive news is likely to boost investor confidence and drive the stock price up in the short term. However, the 19.89% YoY decrease in sales may temper the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100