Kidpik Q3 EPS $(0.24) Up From $(0.32) YoY, Sales $3.39M Miss $4.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kidpik reported a Q3 EPS loss of $(0.24), an improvement from $(0.32) YoY. However, sales of $3.39M fell short of the $4.80M estimate, marking a 6.71% decrease from last year's $3.63M.
November 14, 2023 | 9:45 pm
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NEGATIVE IMPACT
Kidpik's Q3 EPS loss improved YoY, but sales missed estimates and decreased compared to last year, indicating potential concerns over growth.
The improvement in EPS suggests some cost control or efficiency gains, which could be viewed positively. However, the miss on sales estimates and the year-over-year decline is a significant concern, likely to overshadow the EPS improvement in the short term. This could lead to negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100