BUZZ - Stitch Fix shares plunge due to disappointing revenue projections
路透社2026/09/24 14:31Latest Updates
September 24 - ** The share price of online personal styling service company Stitch Fix (SFIX.O) dropped as much as 25.18% to $2.11, marking its lowest point since the start of 2024
** If the decline persists, the stock will record its largest single-day drop since December 2024
** The company expects first-quarter revenue to miss analysts’ forecasts, dragged down by challenges in customer acquisition and retention
** First-quarter revenue is estimated to be between $323 million and $328 million, while analysts expect $343.2 million—data compiled by LSEG
** (link) Posted fourth-quarter revenue of $324.4 million, falling short of the $325.6 million expectation
** “Simply put, the fourth-quarter results have stalled the company’s business transformation progress. Recently we’ve observed more signs of consumer stress, and smaller companies like SFIX are being affected more visibly. The complex macro environment has diminished our confidence that customer growth will regain momentum in the short term,” said Mizuho Securities analyst David Bellinger
** However, the company highlighted growth opportunities: with around 20% of new customers using GLP-1 drugs, Stitch Fix is expanding its tailored services for clients whose needs shift during their weight loss journey
** As of yesterday’s close, the stock had declined 46.3% year-to-date
(To assist non-English speakers, Reuters has automated its reporting into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these translations and provides them solely to assist readers. Reuters accepts no liability for any damage or loss arising from the use of automated translation functionality.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IRLAB names Janne Backman board chair, replacing Carola Lemne
McDonald's US Same-Store Sales May Remain Under Pressure, RBC Says
Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
According to reports, since the middle of last week, Saudi Arabia has sold approximately 100 million barrels of crude oil to China, India, Japan, and South Korea, with delivery periods covering October and November. At the same time, Saudi Aramco has made a rare commitment in these transactions to handle logistics and transportation, delivering the crude oil directly to Asian customers. Previously, due to soaring oil prices, Asian refineries had been considering reducing operating rates. This large-scale supply has to some extent mitigated the supply risks faced by Asia.
Crypto prices
More
