Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Stitch Fix, Inc. reported third quarter of fiscal year 2023 ended April 29, 2023 results: revenue $394.9 million, net income Net loss of $21.8 million, EPS diluted loss per share of $0.19.
- Period
- third quarter of fiscal year 2023 ended April 29, 2023
- Revenue
- $394.9 million
- Net income
- Net loss of $21.8 million
- EPS
- diluted loss per share of $0.19
- Result
- reported results
Exact text from the filing
to return us to profitable growth while realizing our mission to help our clients look and feel their best.” Third Quarter Key Metrics and Financial Highlights • Net revenue of $394.9 million, a decrease of 20% year over year • Active clients of 3,476,000, a decrease of 431,000 or 11% year over year • Net revenue per active client (RPAC) of $502, a decrease of 9% year
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Stitch Fix, Inc. announced a restructuring with charges of between $7 million and $10 million affecting fulfillment centers in Bethlehem, Pennsylvania and Dallas, Texas.
- Type
- restructuring
- Charge
- between $7 million and $10 million
- Affected area
- fulfillment centers in Bethlehem, Pennsylvania and Dallas, Texas
Exact text from the filing
As a result of the intended Bethlehem and Dallas Closures, the Company estimates that it will incur between $7 million and $10 million in cash restructuring charges consisting of approximately $5 million to $7 million for separation-related payments, benefits, and related taxes, and $2 million to $3 million for transportation and other closure costs to redistribute inventory to other fulfillment centers.
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