Kidpik Q1 EPS $(0.94) Up From $(1.25) YoY, Sales $2.20M Down From $4.03M YoY
Portfolio Pulse from Benzinga Newsdesk
Kidpik reported a Q1 EPS of $(0.94), improving from $(1.25) YoY, but saw a significant sales decline to $2.20M from $4.03M YoY.
May 14, 2024 | 8:36 pm
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NEGATIVE IMPACT
Kidpik's Q1 earnings show an improvement in EPS but a significant decline in sales year-over-year.
While the improvement in EPS might be seen as a positive development, the significant drop in sales is likely to concern investors, potentially leading to a negative short-term impact on the stock price. The substantial decrease in sales could overshadow the EPS improvement, as it signals a potential issue with demand or operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100