Stitch Fix Q2 EPS $(0.30) Misses $(0.20) Estimate, Sales $330.40M Miss $330.85M Estimate
Portfolio Pulse from Happy Mohamed
Stitch Fix reported Q2 earnings with losses of $(0.30) per share, missing the $(0.20) estimate, and sales of $330.40M, slightly below the $330.85M estimate. This represents a decrease in performance compared to the same period last year.
March 04, 2024 | 9:07 pm
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NEGATIVE IMPACT
Stitch Fix reported a larger than expected loss per share and a slight miss on sales estimates for Q2, indicating a decrease in performance year-over-year.
The reported earnings miss and sales miss, especially when compared to analyst expectations, suggest a negative short-term impact on SFIX's stock price. The year-over-year decline in performance further supports this outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100