Stitch Fix Is Nearing the End of Its Vertical Runway

Online styling company Stitch Fix’s fiscal fourth-quarter results on Tuesday were clearly not the showstopper Wall Street had hoped for. Sales of $443.4 million came in above consensus for the quarter ending August 1 but grew less than 3% year-over-year largely because of an extra selling week in the year-ago period. Active clients of 3.5 million grew 8.8% versus last year, down from more than 9% growth in the fiscal third quarter, according to the company, including some of the worst weeks of the pandemic, and an average…

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