SFIX - These Analysts Cut Their Forecasts On Stitch Fix After Weak Q2 Results | Benzinga
Stitch Fix, Inc. (NASDAQ: SFIX) reported worse-than-expected second-quarter financial results and issued weak revenue forecast for FY24.
Stitch Fix reported quarterly losses of 30 cents per share which missed the analyst consensus estimate of losses of 20 cents per share. Quarterly sales came in at $330.4 million, missing the analyst consensus estimate of $330.85 million, according to data from Benzinga Pro.
"The original Stitch Fix vision, to create an easier and more enjoyable way for people to shop for clothing and accessories, remains both relevant and compelling,” said Matt Baer, CEO of Stitch Fix. "Our transformation efforts are grounded in fully realizing that vision and include both ...