Stitch Fix Stock Surges on Q3 Beat

Stitch Fix shares surged by nearly ten percent following better-than-expected Q3 results and an upwardly revised revenue forecast for the year. Despite a slight decrease in active customers, the company reported a seven point three percent revenue increase, earning more from each client. The stocks volatility persisted, with todays gains not enough to erase losses from the past year, and investments made five years ago now worth significantly less.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.