Stitch Fix shares plummet after company cuts guidance for the year

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Stitch Fix shares plummet after company cuts guidance

In its latest quarter, the company said it experienced challenges with onboarding new customers and converting clients.

In its latest quarter, the company said it experienced challenges with onboarding new customers and converting clients. Stitch Fix reported a per-share loss in line with analysts' estimates, and revenue slightly above expectations, for the three-month period ended Jan. 29. Here's how the retailer did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:$516.7 million vs. $514.8 million expected

 

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