Why Stitch Fix Stock Was Plummeting This Week
Stitch Fix (NASDAQ: SFIX) stock was more or less humming merrily along at the start of this week, until it fell into a ditch Thursday morning. That gaping hole was the company's latest set of quarterly earnings, which despite looking outwardly impressive had several areas of concern.
As a result, on a week-to-date basis the fashion stock was down notably in price Thursday night. According to data compiled by S&P Global Market Intelligence, the company's equity had lost almost 17% of its value in those days.
After market close Wednesday, Stitch Fix took the wraps off its fiscal fourth quarter of 2025. When adjusted for an extra week in the same period of 2024, the company's net revenue rose by 4% year over year to slightly over $311 million. The GAAP net loss narrowed considerably, to under $8.6 million, or $0.07 per share, against the year-ago deficit of more than $36 million.
Source Fool.com
