Stitch Fix Q1 FY2023 revenue down 22% YoY to $455.6M; net loss $55.9M

Stitch Fix, Inc.

2023-Q1 EPS reported -$0.50 revenue$455,593,000

Net revenue $455.6M, down 22% YoY; net loss $55.9M ($0.50 diluted loss per share).
Active clients 3,709,000, down 11% YoY; RPAC $525, flat YoY.
Adjusted EBITDA loss of $7.4M, better than expectations; FY23 adjusted EBITDA guidance improved to $(10)-$10M.
Q2 FY2023 revenue guidance $410-420M (down 21-19% YoY); adjusted EBITDA $(5)-$5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Stitch Fix, Inc. reported the first quarter of fiscal year 2023 ended October 29, 2022 results: revenue $455.6 million, net income Net loss of $55.9 million, EPS diluted loss per share of $0.50. Guidance raised.

Period: the first quarter of fiscal year 2023 ended October 29, 2022
Revenue: $455.6 million
Net income: Net loss of $55.9 million
EPS: diluted loss per share of $0.50
Guidance: raised
Result: reported results

Exact text from the filing

• Net revenue of $455.6 million, a decrease of 22% year over year • Active clients of 3,709,000, a decrease of 471,000 or 11% year over year • Net revenue per active client (RPAC) of $525, approximately flat year over year • Net loss of $55.9 million and diluted loss per share of $0.50 • Adjusted EBITDA loss of $7.4 million

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Source: SEC EDGAR

accession 0001576942-22-000094

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