NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Stitch Fix, Inc. ("Stitch Fix, Inc.") (NASDAQ:SFIX) concerning possible violations of federal securities laws.
Stitch Fix issued a press release on September 24, 2024, "announc[ing] its financial results for the fourth quarter and full fiscal year 2024, ended August 3, 2024." Among other items, Stitch Fix disclosed that with fewer active clients in both the fourth quarter and full year, the Company experienced a 12.4% drop in sales in the quarter, resulting in a wider-than-expected loss. Anticipating declining sales in the first quarter and full year 2025, Stich Fix provided guidance for both the quarter and year that fell short of analyst expectations.
Following this news, Stitch Fix's stock price fell over 39% on September 25, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/stitch-fix-inc-lawsuit-submission-form?prid=107254&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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