Stitch Fix, Dave & Buster's: After-hours movers

Stitch Fix, Dave & Buster's: After-hours movers

Yahoo Finance's Seana Smith breaks down some of the biggest movers in after-hours trading, including Dave & Buster's and Stitch Fix.

Stitch Fix, Dave & Buster's: After-hours movers
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Yahoo Finance

Wed, June 7, 2023, 6:09 AM GMT+9

Yahoo Finance's Seana Smith breaks down some of the biggest movers in after-hours trading, including Dave & Buster's and Stitch Fix.

Video Transcript

[AUDIO LOGO]

SEANA SMITH: Let's take a look at two names trending after-hours. We've got Stitch pick-- Stitch Fix-- tongue twister there-- and Dave & Buster's kicking off with a Stitch. Fix that sock up just about 5% here in extended trading. Investors satisfied with these results. For now, revenue topping expectations. The company also reporting a narrower-than-expected loss, also some cost-cutting initiatives here, more cost-cutting initiatives here from the company. They're closing two of its five distribution centers. Also talking about that they're exploring some options here in order to exit their presence from the UK.

We know Stitch Fix has been under a bit of pressure as of late with shares off 22% over the last three months. You're looking at year-to-date-- year-to-date gains of just about 18%. But over the last year, the stock off nearly 60%. Active clients are down on a year-over-year basis, off just about 11%. Fourth quarter sales guidance also coming in a bit light here. But the Street focusing on that top and bottom beat. Shares up just around 5 and 1/2%.

Flipping over to Dave & Buster's, that stock is also on the move. A mixed report here from the company taking a look at what we're getting here. They beat on profit. They missed on revenue. But it was up on a year-over-year basis, up just about 32%. The company also saying that they announced they opened four new restaurants during the period. They also have reached two international franchise agreements, planning to open up to 15 restaurants in India, five restaurants in Australia. So certainly, the name has been a little bit under pressure when we take into account that consumers have been pulling back on some of their spending, not going out to eat as often.

But after-hours, the stock up just about 3 and 1/2%. And management very upbeat about what the future looks like here for this company. Akita.