Stitch Fix (SFIX) Reports Q3 Loss, Tops Revenue Estimates

Financial Performance - Stitch Fix reported a quarterly loss of $0.15 per share, better than the Zacks Consensus Estimate of a loss of $0.25, and an improvement from a loss of $0.17 per share a year ago, representing an earnings surprise of 40% [1] - The company posted revenues of $322.73 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 5.49%, but down from $394.91 million in the same quarter last year [2] - Over the last four quarters, Stitch Fix has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Stitch Fix shares have declined approximately 27.7% since the beginning of the year, contrasting with the S&P 500's gain of 10.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.20 on revenues of $304.53 million, and for the current fiscal year, it is -$0.93 on revenues of $1.31 billion [7] Industry Outlook - The Retail - Apparel and Shoes industry, to which Stitch Fix belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Levi Strauss, is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year increase of 175%, with revenues projected at $1.45 billion, up 8.4% from the previous year [9]