Earnings To Watch: Stitch Fix (SFIX) Reports Q2 Results Tomorrow
Article excerpt
Highlighted: the sentence this signal was extracted from
Personalized clothing company Stitch Fix SFIX will be reporting earnings this Wednesday after market close. Here's what you need to know. Stitch Fix beat analysts' revenue expectations last quarter, reporting revenues of $340.3 million, up 4.7% year on year. It was a strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts' expectations and a beat of analysts' EPS estimates. It reported 2.31 million active clients, down 1.9% year on year. Is Stitch Fix a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Stitch Fix's revenue to grow 4.3% year on year, a reversal from the 2.6% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Stitch Fix has a history of exceeding Wall Street's expectations. Looking at Stitch Fix's peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Movado delivered year-on-year revenue growth of 4.9%, beating analysts' expectations by 3.4%, and PVH reported a revenue decline of 3.2%, in line with consensus estimates. Movado traded down 1.3% following the...
Keep reading with a free account
The rest of this article, and every signal for Stitch Fix, is in your free account.
