Stitch Fix (SFIX) Shares Plunge 15% on Q3 EPS Miss & 15% Salaried Workforce Reduction Announcement

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Go back to Stitch Fix (SFIX) Shares Plunge 15% on Q3 EPS Miss & 15% Salaried Workforce Reduction Announcement

Stitch Fix (SFIX) Misses Q3 EPS by 17c, Offers Q4 Guidance, Confirms Plan to Cut 15% of Salaried Workforce

June 9, 2022 4:04 PM EDT

(Updated - June 9, 2022 4:42 PM EDT)

Stitch Fix (NASDAQ: SFIX) reported Q3 EPS of ($0.72), $0.17 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $494.9 million versus the consensus estimate of $493.26 million.

Organizational Update

In light of Stitch Fixs recent business momentum and an... More

Stitch Fix (SFIX) Lays Off 15% of Salaried Employees - CNBC

June 9, 2022 3:36 PM EDT

Stitch Fix (NASDAQ: SFIX), the online personal styling company, will lay off 15% of its salaried employees, according to CNBC.

The employees being laid off are mostly in corporate and styling leadership positions, according to the report, which cites an internal memo.... More

Stitch Fix to cut workforce by 15% of salaried roles

June 9, 2022 2:40 PM EDT

(Reuters) -Stitch Fix Inc said on Thursday it is reducing its workforce by around 15% of salaried positions, as the online personalized styling service firm aims to return to profitability.

Decades-high inflation and the impact of the war in Ukraine have pressured Corporate America to consider laying off people or put a freeze on... More

Stitch Fix (SFIX) laying off 15% of its salaried employees - CNBC

June 9, 2022 2:00 PM EDT

Stitch Fix (NASDAQ: SFIX) laying off 15% of its salaried employees - CNBC

... More