NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Stitch Fix, Inc. ("Stitch Fix" or "the Company") (NASDAQ: SFIX). Investors who purchased Stitch Fix securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SFIX. Investigation Details On September 24, 2024, Stitch Fix issued a press release "announc[ing] its financial result ...

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 50 points on Wednesday. The Dow traded down 0.35% to 42,060.13 while the NASDAQ rose 0.39% to 18,145.24. The S&P 500 also rose, gaining, 0.06% to 5,736.28. Check This Out: Wall Street's Most Accurate Analysts Give Their Take On 3 Materials Stocks With Over 4% Dividend Yields Leading and Lagging Sectors Information technology shares jumped by 0.9% on Wednesday. In trading on Wednesday, energy shares fell by 1.1%. Top Head ...

Core Insights - Stitch Fix shares experienced a significant decline following the announcement of widening losses and weaker revenue projections than anticipated by analysts [1][4] - The company reported a fiscal fourth-quarter loss of $36.5 million, an increase from $28.66 million the previous year, with revenue dropping 12% year-over-year to $319.55 million, both figures falling short of analyst expectations [2] - Stitch Fix's active subscriber base has decreased to just over 2.5 million, down nearly 5% from the previous quarter and nearly 20% year-over-year [2] Financial Performance - The reported loss of $36.5 million for the fiscal fourth-quarter represents a widening from the previous year's loss of $28.66 million [2] - Revenue for the quarter was $319.55 million, reflecting a 12% decline compared to the same quarter last year [2] Future Outlook - For the first quarter, Stitch Fix anticipates revenue between $303 million and $310 million, which is below the consensus projection of $324 million [3] - For the full fiscal year, the company projects revenue of $1.11 billion to $1.16 billion, a decrease from $1.34 billion in fiscal 2024 and lower than the $1.3 billion expected by analysts [3] - CEO Matt Baer expressed confidence in the company's path to return to revenue growth by the end of fiscal year 2026, despite acknowledging the challenges ahead [4]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their business narratives are shifting towards increased profitability [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] Group 2 - Michael has over 10 years of experience analyzing companies in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] - He leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates, weekly webinars for live advice, and support for both new and experienced investors [2]

Stitch Fix, Inc. (SFIX) reported fourth-quarter fiscal 2024 results, wherein the bottom and top lines beat the Zacks Consensus Estimate. The top line deteriorated from the year-earlier quarter's level. Meanwhile, the bottom line improved year over year. The company's fiscal fourth-quarter performance reflects its ongoing efforts to transform the business, with results meeting expectations despite challenges. The quarter was marked by continued focus on operational efficiency, cost savings and client engagem ...

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Stitch Fix delivered mixed earnings, meeting expectations in cost management while facing challenges in revenue growth and client retention. Stitch Fix (SFIX -1.05%), known for its personalized online styling service, reported its Q4 2024 earnings on Sept. 24, 2024. This quarter's results showed $319.6 million in net revenue, slightly above the midpoint of management's guidance range of $312 million to $322 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the qu ...

For the quarter ended July 2024, Stitch Fix (SFIX) reported revenue of $319.55 million, down 15% over the same period last year. EPS came in at -$0.12, compared to -$0.19 in the year-ago quarter. The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $317.48 million. With the consensus EPS estimate being -$0.19, the EPS surprise was +36.84%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Stitch Fix (SFIX) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.84%. A quarter ago, it was expected that this online clothing styling service would post a loss of $0.25 per share when it actually produced a loss of $0.15, delivering a surprise of 40%. Over the last four quarters, the co ...