PREVIEW: Stitch Fix shares up; Q3 rev decline, smaller loss/shr expected
06/06/2023 20:53
** Shares in online apparel and footwear retailer Stitch Fix
SFIX.O up 8.0% or $0.27 at $3.71 on Tuesday ahead of quarterly
report due after market close
** SFIX seen reporting fiscal Q3 adj loss of $0.30/shr vs a
loss of $0.72/shr in year-ago quarter on rev of $388.9 mln,
which would be a 21% drop y/y, according to Refintiv
** SFIX clients choose items to purchase directly from its
website or from a so-called Fix delivery, which is a
personalized assortment of items informed by algorithms
** Co met or beat rev view in 4 of last 8 quarters
** Median PT for SFIX is $4.30 up from $4.10 on Mar. 6,
according to Refinitiv which lists 17 analyst ratings: '15' hold
ratings and 2 'sell' ratings.
** At its peak SFIX traded at $113.76 in January 2021. Its
quarterly revenue peak so far is $581.24 mln in the quarter
ended in Oct. 2021, according to Refinitiv records dating back
to 2017 when it made its market debut
**YTD stock up ~19% after falling ~84% in 2022
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))