Could Amazon's Personal Shopper Service and Other Factors Cause Stitch Fix Stock to Unravel?
Earlier this month, online personal styling service Stitch Fix (NASDAQ: SFIX) released results for its fiscal third quarter 2020, which ended on May 2.
The company had a challenging quarter because of the COVID-19 pandemic. The crisis disrupted its supply chain, and consumers were largely concerned with more pressing matters than shopping for apparel. In the quarter, revenue fell 9% year over year and the company posted a net loss of $33.9 million, or $0.33 per share, compared with a net income of $7.0 million, or $0.07 per share, in the year-ago period.
One quarter is just one quarter. Long-term investors shouldn't judge any company by short-term results, especially when there are rare, extenuating circumstances.
Source Fool.com
