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NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Stitch Fix, Inc. ("Stitch Fix" or the "Company") (NASDAQ:SFIX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Stitch Fix, Inc. ("Stitch Fix" or "the Company") (NASDAQ:SFIX). Investors who purchased Stitch Fix securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SFIX.
Shares of Stitch Fix Inc. plunged toward their biggest percentage drop on record Wednesday, after the online styling service's quarterly results a day earlier amplified investors' worries about the pace of its turnaround effort amid a prolonged stretch of weaker clothing demand.
Mail-order clothier Stitch Fix reported a much bigger loss than expected. Sales were not as bad as feared but still pretty weak.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 50 points on Wednesday.
Stitch Fix (SFIX) shares plunged Wednesday, a day after the online personal styling company reported a wider-than-expected loss, and issued revenue projections below analyst estimates.
Stitch Fix stock is spiraling after the online clothing retailer reported mixed earnings results and provided a dismal outlook. Here's what you need to know.
Stitch Fix Inc (NASDAQ:SFIX) shares plunged more than 35% after the personal styling company posted a larger than expected loss for the fourth quarter. For the quarter, its net loss was $35.7 million or a loss per share of $0.29, more than the loss per share of $0.19 expected.
Stitch Fix, Inc.'s ongoing negative revenue growth and shrinking user base indicate a struggling business with no near-term turnaround, making it a sell. Despite a cash-rich balance sheet and no debt, management's poor capital allocation and high stock-based compensation dilute shareholder value. Paying 12x this year's EBITDA is not justified given the company's prolonged struggles and lack of meaningful growth prospects.
Stitch Fix's Q4 results reflect gross margin improvement from last year, highlighting its transformation efforts, cost efficiency and enhanced customer engagement.