Stitch Fix Stock Climbs 50% After Earnings. Analysts See an ‘Uphill Battle’ Ahead.

Stitch Fix Stock Climbs 50% After Earnings. Analysts See an ‘Uphill Battle’ Ahead.·Barrons.com

Stitch Fix stock skyrocketed Wednesday after the personal styling service reported a narrower-than-anticipated decline in revenue and active customers. Shares of Stitch Fix rose 50% to $6.92, on track for their highest close since Aug. 18, 2022, according to Dow Jones Market Data. The dramatic gains are in sharp contrast to the stock’s behavior after the last earnings report in September, when shares plummeted nearly 40%, marking the worst same-day drop on record.

Advertisement