secwatch.observer — SEC 8-K summary
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Issuer:     Stitch Fix, Inc. (SFIX)
CIK:        0001576942
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001576942-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000017/0001576942-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000017/sfix-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001576942-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer