UPDATE: 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 12.38% compared to the same period last year.
September 26, 2024 | 5:15 am
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NEGATIVE IMPACT
Stitch Fix's Q4 2024 earnings report showed a larger-than-expected loss per share of $(0.29), missing the $(0.19) estimate. However, sales slightly exceeded expectations at $319.6M, though they were down 12.38% year-over-year.
The larger-than-expected loss per share is likely to negatively impact the stock price in the short term, despite the slight sales beat. The year-over-year sales decline adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100