U.S. markets close in 5 hours 40 minutes
  • S&P 500

    4,267.51
    -12.64 (-0.30%)
     
  • Dow 30

    33,724.74
    -36.31 (-0.11%)
     
  • Nasdaq

    13,013.31
    -33.88 (-0.26%)
     
  • Russell 2000

    2,001.31
    -15.31 (-0.76%)
     
  • Crude Oil

    87.78
    -4.31 (-4.68%)
     
  • Gold

    1,792.60
    -22.90 (-1.26%)
     
  • Silver

    20.13
    -0.57 (-2.74%)
     
  • EUR/USD

    1.0197
    -0.0061 (-0.59%)
     
  • 10-Yr Bond

    2.7790
    -0.0700 (-2.46%)
     
  • GBP/USD

    1.2082
    -0.0057 (-0.47%)
     
  • USD/JPY

    132.9740
    -0.5060 (-0.38%)
     
  • BTC-USD

    24,122.09
    -398.56 (-1.63%)
     
  • CMC Crypto 200

    573.22
    -17.54 (-2.97%)
     
  • FTSE 100

    7,495.56
    -5.33 (-0.07%)
     
  • Nikkei 225

    28,871.78
    +324.80 (+1.14%)
     

Is Stitch Fix Stock a Buy in 2022?

·3 min read
Is Stitch Fix Stock a Buy in 2022?
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Stitch Fix (NASDAQ: SFIX) recently announced that it is laying off employees in some areas of the business after net losses roughly doubled from fiscal Q2 to Q3. CEO Elizabeth Spaulding said in a conference call with Wall Street analysts that management is moving "with a sense of urgency" to try to get the business back on a steadier path in terms of growth and earnings. After the company shocked investors by showing slowing user growth back in March, management said that Stitch Fix would soon be on a better growth path.