Stitch Fix Expects Q2 Net Revenue From Continuing Operations Of $325M-$335M, Representing (19)% - (16)% Decline YoY
Portfolio Pulse from Benzinga Newsdesk
Stitch Fix anticipates Q2 net revenue from continuing operations to be between $325M-$335M, marking a year-over-year decline of 16% to 19%.
December 05, 2023 | 9:14 pm
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Stitch Fix expects a significant decline in Q2 net revenue from continuing operations, with a projected decrease of 16% to 19% compared to the previous year.
The projected decline in net revenue is a strong indicator of potential challenges facing the company. This negative outlook is likely to concern investors and could lead to a decrease in stock price in the short term as the market reacts to the possibility of lower-than-expected performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100