The Market Is Misreading the Stitch Fix Earnings Report
Stitch Fix (NASDAQ: SFIX) shares fell 11% on Wednesday following the release of the company's fourth-quarter earnings report.
The sell-off came in spite of a solid quarter. The personalized styling service said revenue was up 36%, or 26% without the extra week in the calendar, to $432.1 million. That was toward the high end of the company's guidance of $425-435 million, though just below the analyst consensus at $432.3 million.
On the bottom line, the company posted adjusted earnings per share of $0.07, ahead of estimates at $0.04.
Source Fool.com
