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Stitch Fix Stock Drops on Earnings Miss, Sales Guidance Cut

TheMotleyFool

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Stitch Fix Stock Drops on Earnings Miss, Sales Guidance Cut: https://g.foolcdn.com/editorial/images/712089/sfix-stock-sfix-earnings.jpg

Shares of Stitch Fix (NASDAQ: SFIX) fell by 1.4% in after-hours trading on Tuesday following the online personalized-apparel retailer's release of a weak quarterly report.

The main catalysts driving this drop were quarterly revenue and earnings that missed Wall Street's consensus estimates, a decline in the company's number of active clients, and management's lowering of its sales guidance for the full fiscal year.

Here's an overview of Stitch Fix's fiscal 2023 first-quarter results and its outlook centered around six key metrics.

Source Fool.com

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