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    Stitch Fix Shares Plummet 15% After Revenue Outlook Cut | FinOracle

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Stitch Fix Shares Plummet 15% After Revenue Outlook Cut

Shares of Stitch Fix dropped 15% in after-hours trading as the company predicts a deeper cut in revenue due to lower active clients. The company plans to invest in customer experience and private brands to attract more clients. Q3 revenue is expected to be down 22% from last year.

by Mark Eisenberg
Tue, Mar 5, 2024 11:57am
in Business
• 2 mins read
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Stitch Fix Shares Plummet 15% After Revenue Outlook Cut | FinOracle

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Stitch Fix Shares Drop 15% After Cut to Revenue Outlook, Views for Lower Client Base

Shares of Stitch Fix dropped 15% to $2.79 in post-market trading after the company guided for a deeper cut in revenue for its fiscal year amid lower active clients.

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