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.

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Source Fool.com