Stitch Fix Q2 revenue down 20% to $412.1M; CFO Dan Jedda resigns, replaced by David Aufderhaar

Stitch Fix, Inc.

2023-Q2 EPS reported -$1.07 revenue$867,711,000

Net revenue $412.1M, down 20% YoY; active clients fell 11% to 3.574M.
Net loss $65.6M ($0.58 diluted loss per share); adjusted EBITDA positive $3.8M.
Raised FY23 adjusted EBITDA guidance to $0M-$10M, citing cost reduction progress.
First quarter of positive free cash flow ($15.4M) since Q1 FY22.
CFO Dan Jedda to step down April 3; succeeded by SVP Finance David Aufderhaar.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Dan Jedda

Chief Financial Officer

SFIX · Stitch Fix, Inc.

Effective: 2023-04-03
Successor: David Aufderhaar
Filed: March 7, 2023, 6:59 PM ET

On March 1, 2023, Dan Jedda, Chief Financial Officer of Stitch Fix, Inc. (the “Company”), gave notice of his resignation, effective April 3, 2023.

Appointed

David Aufderhaar

Chief Financial Officer

SFIX · Stitch Fix, Inc.

Effective: 2023-04-03
Filed: March 7, 2023, 6:59 PM ET

On March 3, 2023, the Board of Directors of the Company appointed David Aufderhaar, SVP, Finance, as the Company’s Chief Financial Officer, effective April 3, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stitch Fix, Inc. reported second quarter of fiscal year 2023 ended January 28, 2023 results: revenue $412.1 million, net income $65.6 million, EPS $0.58. Guidance raised.

Period: second quarter of fiscal year 2023 ended January 28, 2023
Revenue: $412.1 million
Net income: $65.6 million
EPS: $0.58
Guidance: raised
Result: reported results

Exact text from the filing

ensure that we’re attracting long-term clients to Stitch Fix and paving the way for a return to growth.” Second Quarter Key Metrics and Financial Highlights • Net revenue of $412.1 million, a decrease of 20% year over year • Active clients of 3,574,000, a decrease of 445,000 or 11% year over year • Net revenue per active client (RPAC) of $516, a decrease of 6.0%

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Jedda resigned as Chief Financial Officer at Stitch Fix, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On March 1, 2023, Dan Jedda, Chief Financial Officer of Stitch Fix, Inc. (the “Company”), gave notice of his resignation, effective April 3, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Aufderhaar was appointed as Chief Financial Officer at Stitch Fix, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On March 3, 2023, the Board of Directors of the Company appointed David Aufderhaar, SVP, Finance, as the Company’s Chief Financial Officer, effective April 3, 2023.

View on SEC.gov

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Stitch Fix, Inc. filing history →

Source: SEC EDGAR

accession 0001576942-23-000017

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