The stock on the move in the after hours,
I see shares down about 5%. Here are the
results. The company missing the mark on the top
and the bottom lines reporting a net loss of$0.58
a share. The expectation was a loss of 34
cents and revenue coming in the hair below expectations of
412 million. With the estimate of about 413 million
. The company also providing some disappointing full year sales
guidance below Wall Street's expectations. Uh We also know
that the CFO is gonna be stepping down to be
succeeded by the company's S V P of Finance effective
April 3rd. Let's take a quick look at comments
from the interim CEO and founder Katrina Lake saying quote
, we will continue to invest in the advanced data
, science and machine learning capabilities combined with personalized styling
expertise that have set us apart for more than a
decade. We are confident that this path will ensure
that we're attracting long term clients to stitch fix and
paving the way for a return to growth. So
again, not enough to appease investors, the stock
down in the after hours after it had been higher
in the regular session by about 4% but shedding 5%
on disappointing results and disappointing guidance.