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Stock impact report

Stitch Fix Falls After Cutting Annual Sales, Profit Forecast [Yahoo! Finance News]

Stitch Fix, Inc. - Class A (SFIX) 
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.stitchfix.com
) -- Stitch Fix Inc. plunged almost 40% in extended trading after the online personal styling service cut its full-year sales and profit forecast on lower order values, rising costs and the potential impact of coronavirus. The company said fiscal 2020 net revenue will be $1.8 billion to $1.84 billion, from a previous projection of $1.9 billion to $1.93 billion, and below analysts’ estimates of $1.92 billion. Annual adjusted earnings before interest, taxes, depreciation and amortization will be zero to $10 million, the company said, from an earlier estimate of $18 million to $32 million. For the current quarter ending in April, sales will be $465 million to $475 million, or growth of 14% to 16% year over year, San Francisco-based Stitch Fix said. Analysts, on average, projected $506.3 million, according to data compiled by . “Now that we’ve seen a few company-specific, but also macro themes, play out in Q2 ’20, we’re leaning more conservatively in the back half of 2020 and shifting our Show less Read more
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