Stitch Fix Q1 EPS $(0.30) Vs $(0.50) Prior Year, Net Revenue From Continuing Operations $364.79M, Down 18% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Stitch Fix reported a Q1 EPS of $(0.30), an improvement from $(0.50) in the prior year. However, net revenue from continuing operations was $364.79M, reflecting an 18% decrease year-over-year.
December 05, 2023 | 9:12 pm
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NEGATIVE IMPACT
Stitch Fix's Q1 EPS improved compared to the prior year, but the company experienced a significant decline in net revenue from continuing operations.
While the improvement in EPS might be seen as a positive sign, the substantial year-over-year decline in net revenue is likely to concern investors and could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100