NEW ORLEANS, Sept. 06, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time October 25, 2022 Lead plaintiff motions in a securities class action lawsuit against Stitch Fix, Inc. (NasdaqGS: SFIX) if they purchased the Company’s stock between December 8, 2020 and March 8, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the Northern District of California.

What you can do

If you have purchased Stitch Fix stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn at no obligation or cost to you. toll free at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nasdaqgs-sfix/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court October 25, 2022.

About the lawsuit

Stitch Fix and certain of its officers are accused of failing to disclose material information during the Class Period in violation of federal securities laws.

On December 7, 2021, the Company announced the occurrence of “short-term cannibalization” of new customers who have opted to use its new Buy Direct Freestyle option instead of the traditional Fix option, as well as a loss for the first quarter of 2021 and a Cut its full-year sales guidance. On the news, Stitch Fix shares fell $5.97 per share, or 24%, from $24.97 per share to $19.00 per share.

Then, on March 8, 2022, the Company announced a weak outlook for the third quarter of 2022 and a cut to its full-year sales guidance, as well as “frictions” that had occurred due to customers visiting stitchfix.com, the primary landing page for customers, Those interested in the fix contributing to…