Recap: Stitch Fix Q1 Earnings
Portfolio Pulse from Benzinga Insights
Stitch Fix (NASDAQ:SFIX) reported Q1 earnings with an EPS of $-0.3, missing estimates by 30.43% compared to the expected $-0.23. Revenue declined by $90.81 million from the same period last year. Despite missing on EPS last quarter, SFIX shares increased by 12.13% the following day. Historical earnings performance shows varied results over the past four quarters.
December 05, 2023 | 9:20 pm
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NEGATIVE IMPACT
Stitch Fix reported a significant miss in Q1 earnings with a 30.43% lower EPS than estimated and a substantial year-over-year revenue decline.
The earnings miss and revenue decline are likely to negatively impact investor sentiment in the short term. Historically, a miss in EPS has led to a share price increase the next day, but the consistent decline in revenue could outweigh the previous pattern and lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100