Stitch Fix Reports Q3 Loss, Tops Revenue Estimates

Stitch Fix Reports Q3 Loss, Tops Revenue Estimates

Stitch Fix (NASDAQ: SFIX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this online clothing styling service would post a loss of $0.21 per share when it actually produced a loss of $0.21, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Stitch Fix, which belongs to the Zacks Retail – Apparel and Shoes industry, posted revenues of $322.73 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 5.49%. This compares to year-ago revenues of $394.91 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on …

Full story available on Benzinga.com

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