SFIX - Why Stitch Fix Stock Is Up Big Today
2024-06-05 14:53:33 ET
It's too soon for the new management at Stitch Fix (NASDAQ: SFIX) to say "mission accomplished," but the latest quarterly results certainly suggest things are moving in the right direction.
Shares of Stitch Fix soared as much as 44.9% at the open Wednesday and remained up 24% as of 1:30 p.m. ET after the apparel company reported better-than-expected quarterly results.
Stitch Fix is an originator of the "wardrobe in a box" concept, sending subscribers a collection of apparel customized for their tastes. Customers pay for only the clothing they keep, and the rest is shipped back for free.
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Why Stitch Fix Stock Is Up Big Today