Stitch Fix Earnings Preview: What to Watch on Monday After the Market Close
Stitch Fix (NASDAQ: SFIX) is slated to report its second-quarter results for fiscal 2020 after the market closes on Monday, March 9. A conference call with analysts is scheduled to follow at 5 p.m. EDT.
The online personalized apparel retailer is going into its report on a mixed note. On the positive side, last quarter, it beat Wall Street's consensus estimates for both the top and bottom lines. That resulted in the stock popping 4.8% the next day.
On the negative front, Stitch Fix stock has taken a particularly tough beating during the recent coronavirus-driven market sell-off. Shares have plunged 22.4% over the two-week period through Friday, March 6, compared with the S&P 500 index's 11% drop over this period. We can attribute this largely to concerns that the spread of COVID-19 will slow U.S. and global economic growth and hurt Stitch Fix's sales.
Source Fool.com
