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Stitch Fix Stock Dives on Soft Outlook
Stitch Fix shares entered Thursday down 46% this year.Credit: Cheng Xin / Getty ImagesKey TakeawaysShares of Stitch Fix tumbled after the personal styling company gave a weaker-than-expected outlook. The company said its forecast reflects a “more challenging consumer environment.”Support for Stitch Fix’s stock is unraveling after the company’s latest results.Shares of Stitch Fix (SFIX) plunged nearly 20% in premarket trading Thursday, a day after the online personal styling company issued weaker-than-expected guidance for the current quarter and new fiscal year.Stitch Fix said it sees fiscal…
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