Stitch Fix Sees Fashion Fans Flee
Here's our initial take on Stitch Fix's (NASDAQ: SFIX) fiscal third-quarter financial report.
Investors initially had trouble deciding what they thought of Stitch Fix's fiscal third-quarter financial report, and it's not surprising once you look at the numbers. On the positive side, after having predicted falling sales for the quarter, Stitch Fix managed to eke out a modest gain. The apparel delivery specialist kept losing money, but losses were significantly narrower than most of those following the stock had anticipated.
In addition, Stitch Fix boosted its forecast for the full 2025 fiscal year. The company now anticipates revenue of $1.254 billion to $1.259 billion, which is up from a previous forecast of $1.225 billion to $1.24 billion three months ago.
Source Fool.com
