Stitch Fix Inc. Up 1.09% To $3.72 After Earnings Miss

Stitch Fix Inc. (SFIX) said after close Tuesday that it lost $0.5 per share in quarter one 2023.

On the revenue line, the company reported $455.6 million, missing estimates by $3.8 million.

In the same quarter a year ago, the company lost $0.02 per share on revenue of $581.2 million.

The stock is up 1.09% to $3.72 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Stitch Fix Inc. has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 14, putting Stitch Fix Inc. in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $3.09 on October 24, 2022 and set a 52-week high on December 7, 2021 at $26.25.

Stitch Fix Inc offers personal style service for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment. It provides a shipment service called A FIX where the stylist's hand selects items from several merchandises with analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to the client's needs. The company offers products across categories, brands, product types and price points including Women's, Petite, Maternity, Men's and Plus. It also offers various product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags, and sells merchandise across various range of price points.