Stitch Fix: Difficult Path
- Stitch Fix slashed FY23 sales targets, but the company did boost the midpoint adjusted EBITDA target by $12.5 million.
- The online personalized shopping service is still struggling to overcome the normalized online shopping and promotional apparel environment.
- The stock is cheap with an EV of just $200 million and sales targets at $1.65 billion, but management has to execute on slashed advertising plans.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »