Can Stitch Fix sew together a positive outcome surprise or miss…

Can Stitch Fix sew together a positive outcome surprise or miss…

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StitchFix Inc SFIX is scheduled to report second-quarter results after the bell on Tuesday. Though Stitch Fix’s stock is up more than 50% year-to-date, it’s still down almost 55% over a year.

We’ve put together some pointers and an idea of ​​what investors can expect after closing.

What you should know: Stitch Fix is ​​expected to report a loss of 32 cents per share in the second quarter. Analysts are expecting the online personal styling company to post sales of $393.57 million Gasoline Pro.

Stitch Fix has missed estimates for both revenue and earnings for three consecutive quarters, which bodes ill for the company as its shares trade significantly higher than last quarter.

In the company’s latest quarterly report stitch fix pointed to the “challenging macro environment,” but the company said it has made significant progress on its targets, even raising its adjusted EBITDA guidance for fiscal 2023.

The company also said it is positioning itself to become profitable in the short-term, which could mean a positive earnings surprise is on the horizon.

Also read: The 22-year-old bought a coin-operated car wash that “basically runs itself” and generates more than $65,000 a year in pure profits

Stitch Fix took a step back and looked at the company’s quarterly guidance, with Stitch Fix not glossing over the fact that it expects sales to decline about 20% year over year.

Less than a month after reporting first quarter results, CEO Elizabeth Spaulding stepped down from her role, paving the way for the founder and former CEO Katrina Lake To back to the helm.

It’s possible that Lake has steered the company in the right direction over the past few months, but that’s unlikely to show in this quarter’s numbers given some of the comments made about the company’s “ambitious transformation.” Lake also said in a letter to employees that she is committed to…

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