Katrina Lake, CEO of Stitch Fix
Adam Jeffery | CNBC
Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate into sales.
The stock plunged 21% in extended trading.
The styling service lowered its revenue forecast for the current quarter and fiscal year, citing ongoing uncertainty stemming from the coronavirus pandemic and longer purchase cycles resulting from delivery issues.
Here’s what the company reported for the quarter ended Jan. 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Loss per share: 20 cents…