Is Stitch Fix Stock a Buy in 2022?

Is Stitch Fix Stock a Buy in 2022?
·3 min read

Stitch Fix (NASDAQ: SFIX) recently announced that it is laying off employees in some areas of the business after net losses roughly doubled from fiscal Q2 to Q3. CEO Elizabeth Spaulding said in a conference call with Wall Street analysts that management is moving "with a sense of urgency" to try to get the business back on a steadier path in terms of growth and earnings. After the company shocked investors by showing slowing user growth back in March, management said that Stitch Fix would soon be on a better growth path.