
Stitch Fix ($SFIX) reports Q2 earnings with a loss per share of $0.30, missing estimates of $0.20, and sales of $330.40 million, below the expected $330.85 million. The company's net revenue from continuing operations decreased by 18% year-over-year, with active clients dropping by 6% quarter-over-quarter and 17% year-over-year. Meanwhile, Nordstrom ($JWN) surpasses expectations with adjusted EPS of $0.96 against estimates of $0.88 and sales of $4.420 billion compared to the estimated $4.388 billion. Nordstrom forecasts muted revenue and comparable sales growth due to sluggish demand at its high-end stores, offset by an improving outlook at its off-price Rack stores.
Nordstrom is planning to open nealy two dozen Rack stores in 2024 as the financial results of the Seattle-headquartered retailer’s discount arm outpaced the namesake brand. https://t.co/4s29mLUmt3
Nordstrom's weak 2024 forecasts overshadow strong holiday-quarter sales https://t.co/qPJZ0qGiEz https://t.co/PW0r4MfIx6
Nordstrom plummets after earnings report after warning about a sharp sales slowdown in 2024
