Stitch Fix shares fall after lower rev guidance, CFO change
08/03/2023 12:35
** Shares of online personalized styling service company
Stitch Fix Inc SFIX.O down 10.3% at $4.46 premarket
** Lowers FY 2023 rev guidance to between $1.625 bln and
$1.645 bln from between $1.6 bln and $1.7 bln
** Dan Jedda will step down as CFO; to be succeeded by David
Aufderhaar effective April 3
** Reports Q2 net rev $412.1 mln, missing analyst estimates
of $413.62 mln
** Q2 loss per share of $0.58 vs Wall Street estimates of
loss per share $0.34
** YTD, company's shares down 59.8%
(Reporting by Tanya Jain)
((Tanya.Jain@thomsonreuters.com))