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Stitch Fix Stock Plunges on Annual Guidance Cut: 6 Metrics You Should See

TheMotleyFool

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Stitch Fix Stock Plunges on Annual Guidance Cut: 6 Metrics You Should See

Stitch Fix (NASDAQ: SFIX) reported better-than-expected results for the first quarter of fiscal 2022 (which ended Oct. 30) after the market close on Tuesday, Dec. 7.

Shares of the online personalized-apparel retailer, however, plummeted 17.9% in Tuesday's after-hours trading session. The market's wrath can be attributed to the revenue outlook for the fiscal second quarter coming in much lighter than Wall Street had expected and to management significantly reducing its full-year revenue guidance.

Here's an overview of Stitch Fix's fiscal first quarter and guidance using six key metrics.

Source Fool.com

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