Stitch Fix Stock Plummets Despite Earnings Beat
16
1
BTCCSquare news:
Stitch Fix (SFIX) shares tumbled 17% this week despite posting better-than-expected fiscal Q4 results. The fashion retailer reported adjusted revenue growth of 4% to $311 million and narrowed its GAAP net loss to $8.6 million, beating analyst estimates.
Beneath the surface, concerns about the company's core Fix subscription service triggered the sell-off. The market's reaction highlights how crypto investors increasingly scrutinize traditional equity performance for macroeconomic signals affecting digital asset valuations.
By:
