Stitch Fix Earnings: Will the Stock Unravel Again Post-Earnings Release?
Stitch Fix (NASDAQ: SFIX) is slated to report its results for the third quarter of fiscal 2021 (which ended May 1) after the market close on Monday, June 7. A conference call is scheduled for that day at 5 p.m. EDT.
Many investors will probably be approaching the online personalized apparel retailer's report with apprehension. Last quarter, shares plunged 28% following the company missing Wall Street's revenue expectation and lowering its revenue guidance for the full fiscal year.
That said, there is also reason for cautious optimism. Thanks to the COVID-19 vaccine rollout, many people are venturing out more -- or planning to soon do so -- which is helping to boost apparel retail sales and sales of other consumer discretionary products. Moreover, many U.S. adults were not eligible to be vaccinated until April and even many of the vaccinated are still being somewhat cautious. So, online shopping, in general, was still no doubt getting a tailwind from the pandemic during Stitch Fix's fiscal third quarter.
Source Fool.com
