Is Stitch Fix Out of Fashion?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 October 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
Shares of Stitch Fix tumble on earnings and a lower-than-expected forecast for the current quarter. And Facebook deals with concerns over its crypto plans. Motley Fool analysts Andy Cross and Emily Flippen discuss those stories and discuss big news from the World Trade Organization.
Transcript
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| 0:00.0 | It's Wednesday, October 2nd. |
| 0:03.6 | Welcome to Market Foolery. |
| 0:04.8 | I'm Mac Greer and I am joined in studio by Motley Full, |
| 0:08.5 | analyst Andy Cross and Emily Flipping. |
| 0:11.3 | I got the gang back together again. How we doing on Wednesday? |
| 0:14.2 | Hey Mac. |
| 0:15.2 | Doing better than I did yesterday actually. |
| 0:16.2 | Hey Emily. Yeah, good. |
| 0:17.2 | Good. Doing great. Well, I'm pinch-hitting for Chris. |
| 0:19.2 | Chris is resting his voice. |
| 0:20.6 | So rest assured, Chris Hill will be back in the saddle soon, but we're giving him some |
| 0:26.0 | much needed rest on today's show. We are going to talk about a new twist in the Trade Wars, |
| 0:32.2 | and we're going to talk some Facebook and crypto. |
| 0:34.4 | Great things are getting interesting but we begin with stitch fix a rough day for |
| 0:41.0 | stitch fix down more than 10% on earnings, lower than expected |
| 0:45.0 | forecasts for the current quarter. Now for those of you who do not follow Stitch Fix |
| 0:49.6 | Stitch Fix is in the business of delivering curated boxes of fashion items for customers. |
| 0:55.6 | They try them on, they buy what they like, they send back to the rest. |
| 0:59.2 | So Andy and Emily, what do we think of Stitch Fix? |
| 1:02.1 | And I should add that it is a motley full wreck. |
| 1:05.0 | Oh yeah, it's a recommendation in a lot of services actually. |
| 1:08.0 | They had a pretty good increase in active clients, 18% year over year, so that brings them to 3.2 million dollars. of But it seems like people didn't really like the guidance projections for next quarter. |
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