Stitch Fix Inc shares dropped 22.8% on Wednesday after the company slashed its full-year revenue guidance..
Telsey Advisory Group analyst Dana Telsey said Stitch Fix will continue to expand its Freestyle program, which will reach new clients and create revenue growth opportunities. “Therefore, with its flexible all-digital model, we continue to view SFIX as well-positioned to take share in the apparel category,” Telsey wrote.
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