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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Stitch Fix Shares Are Bleeding Today

Analysts slashed their price targets on Stitch Fix, Inc (NASDAQ:SFIX) post dismal Q3 results.

SFIX reported a third-quarter revenue decline of 8% year-over-year to $492.9 million, missing the consensus of $493.26 million. The EPS loss of $(0.72) missed the consensus loss of $(0.55).

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