Stich Fix Shares Collapsed Today: Is It a Buy?
Shares of Stitch Fix (NASDAQ: SFIX) had declined more than 20% by Wednesday afternoon following a new, downbeat growth outlook. The e-commerce apparel retailer is predicting that it will lose customers in the current quarter before growth begins to recover in the second half of the fiscal year.
Stitch Fix has solid advantages that might attract growth investors now that shares are down nearly 70% so far in 2021. The company maintains a highly engaged user base, for one, with over 4 million customers averaging more than $500 in annual spending on its personalized apparel deliveries.
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Source Fool.com
