Stitch Fix shares fall 18.2% after weak fiscal 2027 guidance

  • Stitch Fix shares fell 18.2% after the company issued fiscal 2027 revenue guidance.
  • $324.42 million quarterly revenue missed the $325.5 million analyst estimate.
  • MGM Resorts fell 8.3% after People Inc. withdrew its purchase proposal.

U.S. stock futures were lower Thursday morning, with Dow futures down around 200 points as Stitch Fix Inc. (NASDAQ:SFIX) shares fell 18.2% to $2.31 in pre-market trading. The company reported a fourth-quarter loss of two cents per share, beating the six-cent loss expected in Benzinga Pro data, but revenue of $324.42 million missed the $325.5 million analyst estimate. Stitch Fix forecast fiscal 2027 revenue of $1.31 billion to $1.36 billion, below the $1.41 billion estimate. Active clients declined 1.4% sequentially and year over year to 2.277 million, while net revenue per active client rose 7.8% annually to $592 and gross margin held at 43.6%. Other pre-market decliners included MGM Resorts International, after People Inc. withdrew its proposal to buy all publicly held MGM shares; Viking Therapeutics, following proposed public offerings; and Ichor Holdings, Arqit Quantum, MMTec, Eightco Holdings and Fastly.

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