Earnings

Stitch Fix (SFIX) Q1 2022 earnings beat

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The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7.

Tiffany Hagler-Geard/ | Bloomberg | Getty Images

Stitch Fix shares tumbled 18% in extended trading Tuesday after the online shopping and styling company cut its revenue outlook, citing supply chain issues and the need to still educate consumers on its Freestyle option.

The number of active customers using its services fell short of expectations, hinting at slowing demand. A recent promotional offer resulted in a wave of new customers who briefly joined Stitch Fix but didn’t stick around, it said.

While Stitch Fix reported a…



Source cnbc.com

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