Stitch Fix Stock Falls After Q4 Results: Here's Why (CORRECTION)
Portfolio Pulse from Erica Kollmann
Stitch Fix, Inc. (NASDAQ:SFIX) shares fell after reporting Q4 losses of 29 cents per share, missing the expected 19 cents. Revenue was $319.6 million, slightly above estimates but down 14.95% year-over-year. The company aims to return to revenue growth by FY26.
September 24, 2024 | 8:23 pm
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NEGATIVE IMPACT
Stitch Fix reported a larger-than-expected loss per share for Q4, causing a 19.15% drop in after-hours trading. Despite beating revenue estimates, the year-over-year decline and cautious outlook contributed to the negative market reaction.
The larger-than-expected EPS loss overshadowed the slight revenue beat, leading to a significant drop in share price. The year-over-year revenue decline and cautious future outlook further contributed to investor concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100