Shares of Stitch Fix Inc. fell after hours on Tuesday after the online clothing-selection and styling service offered up a weaker-than-expected sales forecast.
And in the latest executive shake-up for the company, Stitch Fix SFIX said that Dan Jedda would step down as chief financial officer “to pursue another opportunity.” He will be replaced by David Aufderhaar, current senior vice president of finance, on April 3. Analysts polled by FactSet expected Stitch Fix to report a per-share loss of 34 cents, on revenue of $413 million. They expected active clients of 3.6 million.
Tough quarter for the online company perhaps they grew too much during the pandemic and are finding it difficult to keep that momentum as people move back into their usual routine
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