Why Stitch Fix's Third Quarter Was Better Than It Looks
Stitch Fix (NASDAQ: SFIX) didn't have the best outing in its fiscal third quarter. Results came in well below expectations, causing the stock to fall about 8% since the earnings release on Monday.
Revenue decreased by 9% year over year to $371.7 million. That was below the consensus estimate of $406.7 million. Stitch Fix also missed the ball on the bottom line, with earnings per share coming in at a net loss of $0.33, compared to estimates for a net loss of $0.15.
But those headline numbers don't tell the whole story. Here are three reasons why Stitch Fix is poised to bounce back in the short term.
Source Fool.com
