Stitch Fix falls on annual revenue forecast below estimates
24/09/2024 21:20
** Shares of online styling service Stitch Fix SFIX.O down
17.6% at $3.09 in extended trade
** Co forecasts fiscal 2025 net revenue to fall between 17%
and 15%, in the range of $1.11 bln to $1.16 billion, compared
with estimates of $1.31 bln - LSEG
** Co's Q4 diluted loss per share widens to 29 cents from 17
cents a year ago
** Still, Q4 net revenue of $319.6 mln edges past estimates
of $318.5 mln - LSEG
** Stock up about 6% YTD
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com))