Stitch Fix (Finally) Has a Good Handle on its Growth Prospects
Stitch Fix's (NASDAQ: SFIX) cloudy read on its short-term growth prospects worked in investors' favor this past week. The stock surged after the online apparel seller dramatically outperformed the sour outlook that management issued just three months ago. The whipsaw move was amplified by another significant change in the company's 2021 outlook, its third such shift in a row.
Stitch Fix now believes it is on a faster expansion path and has put some major supply chain and shipping challenges behind it. But are investors exposing themselves to another surprise growth downgrade like the one that sent the stock reeling in early March? Let's take a closer look.
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Source Fool.com
