Stitch Fix Stock Jumps 9% Despite Disappointing Quarterly Results
<p><a href='https://financialmodelingprep.com/financial-summary/SFIX'>Stitch Fix (NASDAQ:SFIX)</a> saw a more than 9% increase in its stock intra-day today despite disappointing Q4 results and guidance.</p>
<p>The company reported a loss per share of 24 cents, worse than the anticipated loss of 21 cents. In terms of revenue, Stitch Fix generated $375.8 million for the quarter, slightly above the Street estimate of $371.2 million.</p>
<p>CEO Matt Baer expressed a commitment to achieving the company's full potential and driving long-term, profitable growth despite the current business results.</p>
<p>Looking ahead, Stitch Fix forecasts Q1/24 revenue to range between $355 million and $365 million, lower than the Street estimate of $402 million. For the full fiscal year 2024, the company projects revenue between $1.3 billion and $1.37 billion, falling short of the Street estimate of $1.63 billion.</p>

NASDAQ:SFIX