December 22, 2024

Stitch Fix forecast sinks stock, as CEO says ‘there is a lot of work’ for turnaround

 Stitch Fix forecast sinks stock, as CEO says ‘there is a lot of work’ for turnaround

Stitch Fix forecast sinks stock, as CEO says ‘there is a lot of work’ for turnaround

Shares of Stitch Fix Inc. fell after hours on Tuesday after the online styling service forecast quarterly and full-year sales that were weaker than expected, saying that there was “a lot of work still to do” to turn the company around.