The Good News in Stitch Fix’s Awful Third-Quarter Earnings Report
Stitch Fix (NASDAQ: SFIX) announced several awful operating and financial metrics as part of its fiscal third-quarter earnings report this week. Key figures like sales growth, profitability, and cash flow all worsened as the online apparel retailer struggled through demand and supply challenges related to the COVID-19 pandemic.
There were a few bright spots in the announcement, though, that suggest this past quarter's slump had no enduring impact on Stitch Fix's competitive position in the industry.
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Source Fool.com
