Stitch Fix Inc (NASDAQ:SFIX) shares are trading lower by 22.0% at $8.59 after the company issued third-quarter sales guidance below analyst estimates.
Stitch Fix reported quarterly losses of 28 cents per share which beat the analyst consensus estimate of a loss of 29 cents. Stitch Fix also reported quarterly sales of $516.70 million which beat the analyst consensus estimate of $515.12 million. This sales figure represents a 2.5% increase over sales of $504.09 million the same period last year.
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