earnings
confidence high
sentiment negative
materiality 0.75
Stitch Fix Q2 net rev +3% to $517M; lowers FY rev outlook, withdraws EBITDA view
Stitch Fix, Inc.
2022-Q2 EPS reported
-$0.30
revenue$1,097,968,000
- Net revenue $516.7M (+3% YoY); net loss $30.9M, diluted EPS -$0.28; adjusted EBITDA $10.1M.
- Active clients 4.019M (+4% YoY); RPAC record $549 (+18% YoY).
- Freestyle revenue grew 29% YoY, but onboarding and conversion challenges noted.
- Q3 guidance: net rev $485-500M (-7 to -10% YoY), adj EBITDA loss $30-25M (negative margin).
- Full year FY2022 revenue outlook lowered to flat/slightly down YoY; prior FY adj EBITDA outlook withdrawn.