SFIX - Why Stitch Fix Shares Are Trading Higher Wednesday | Benzinga
Stitch Fix, Inc. (NASDAQ:SFIX) stock is moving higher Wednesday after the company released better-than-expected quarterly financial earnings and issued fiscal-year guidance above estimates.
What To Know: Stitch Fix issued financial earnings for the 2024 fiscal-year third quarter after the market closed on Tuesday.
The company reported EPS at a loss of eighteen cents per share beating analyst estimates of a loss of twenty four cents per share. Also, the company announced sales at $322.70 million coming in ahead of analyst estimates of $306.12 million.
The company’s sales figure represents a 16% year-over-year increase.
The company issued guidance for the 2024 fiscal-year ...