Stitch Fix Thinks Direct Buy Could Be a Game Changer
Stitch Fix (NASDAQ: SFIX) is back in Wall Street's good graces. Just a few months after the stock was pummeled following its second-quarter earnings release, shares shot higher this past week. The catalyst was management's boosting of the e-commerce specialist's outlook following accelerating sales growth.
In a conference call, incoming CEO Elizabeth Spaulding and her team explained why they have a brighter sales and profit forecast today than they did back in March. Let's look at the highlights from that presentation.
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Source Fool.com