3 Ways Stitch Fix Shocked Investors This Week
Stitch Fix (NASDAQ: SFIX) stock had been rallying in the weeks leading up to its quarterly earnings report released earlier this week, but shares still soared following the announcement.
Investors had an inkling that the online apparel seller would post improving operating results as it worked through challenges related to its warehouse shutdowns earlier in the year. Yet Stitch Fix's stock price bounce this week shows how detached reality was from those high expectations.
Let's take a look at the main metrics that suggest the business is on a fundamentally stronger footing and three reasons why even the Wall Street bulls underguessed Stitch Fix's popularity.
Source Fool.com
