Stitch Fix shares plummet after company cuts guidance for the year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who care at this moment in economic crisis the globe over with war, weather, pandemic, and everything else messing with our lives?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines