Why Stitch Fix Stock Is Volatile After-Hours
Portfolio Pulse from Ryan Gustafson
Stitch Fix, Inc. (NASDAQ:SFIX) reported Q4 losses of 24 cents per share, missing the analyst consensus estimate of losses of 21 cents. However, the company's quarterly sales of $375.80 million beat the analyst consensus estimate of $371.36 million. The company also reported a decrease of 13% year-over-year in active clients for the full-year 2023. The company issued first-quarter U.S. net revenue guidance in a range between $355 million and $365 million, and U.S. full-year 2024 net revenue is anticipated to be between $1.3 billion and $1.37 billion.
September 18, 2023 | 8:31 pm
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Stitch Fix reported a larger than expected loss for Q4, but beat revenue estimates. The company also reported a decrease in active clients and provided revenue guidance for Q1 and full-year 2024.
Stitch Fix's larger than expected loss could negatively impact the stock price. However, the beat on revenue could provide some offset. The decrease in active clients is a negative signal for future revenue and growth. The provided guidance will also be a key factor for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100