Stitch Fix Q4 2024 GAAP EPS $(0.29) Misses $(0.19) Estimate, Sales $319.600M Beat $318.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stitch Fix reported a Q4 2024 GAAP EPS of $(0.29), missing the $(0.19) estimate, while sales of $319.6M slightly beat the $318.5M estimate. Sales decreased by 14.95% compared to the same period last year.
September 24, 2024 | 8:06 pm
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NEGATIVE IMPACT
Stitch Fix's Q4 2024 earnings report shows a larger-than-expected loss per share of $(0.29), missing estimates by 52.63%. However, sales slightly exceeded expectations at $319.6M, though they are down 14.95% year-over-year.
The significant miss on EPS suggests financial struggles, likely leading to negative sentiment and downward pressure on the stock. The slight sales beat is overshadowed by the year-over-year decline, reinforcing the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100