(Bloomberg) — Stitch Fix Inc. plunged almost 40% in extended trading after the clothing-subscription company cut its full-year sales and profit forecast on lower order values, rising costs and the potential impact of coronavirus.The company said fiscal 2020 net revenue will be $1.8 billion to $1.84 billion, from a previous projection of $1.9 billion to $1.93 billion, and below analysts’ estimates of $1.92 billion. Annual adjusted earnings before interest, taxes, depreciation and amortization will be zero to $10 million, the company said, from an earlier estimate of $18 million to $32 million.For the current quarter ending in April, sales will …read more
Source:: Yahoo Finance
