{"schema_version":"secwatch.filing_event.v1","accession":"0001576942-23-000059","form_type":"8-K","ticker":"SFIX","cik":"0001576942","company_name":"Stitch Fix, Inc.","filed_at":"2023-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.485016+00:00","generated_at":"2026-06-14T06:37:47.207396+00:00","sec_items":["2.02","2.05","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stitch Fix Q3 revenue down 20% to $395M; announces distribution center closures and UK exit exploration","bullets":["Net revenue $394.9M, down 20% YoY; active clients fell 11% to 3.48M.","Net loss $21.8M ($0.19 diluted EPS); adjusted EBITDA $10.1M, above guidance.","Generated $21.9M free cash flow; cash and investments $244M, no debt.","Closing Bethlehem and Dallas distribution centers; expects $7-10M in cash restructuring charges.","Exploring exit from UK market in FY24; Q4 guidance revenue $365-375M, adj. EBITDA $0-10M."],"urls":{"canonical":"https://secwatch.observer/filing/0001576942-23-000059","json":"https://secwatch.observer/filing/0001576942-23-000059.json","markdown":"https://secwatch.observer/filing/0001576942-23-000059.md","text":"https://secwatch.observer/filing/0001576942-23-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/0001576942-23-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/sfix-20230606.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:37:47.207396+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"796dbc983222756120ce5a4bc93e309589477769","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/0001576942-23-000059-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2023 ended April 29, 2023"},{"label":"Revenue","value":"$394.9 million"},{"label":"Net income","value":"Net loss of $21.8 million"},{"label":"EPS","value":"diluted loss per share of $0.19"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3aa6d6a5f46bd3db3fac86d7a3ac3127848d968b","claim":"Stitch Fix, Inc. announced a restructuring with charges of between $7 million and $10 million affecting fulfillment centers in Bethlehem, Pennsylvania and Dallas, Texas.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/0001576942-23-000059-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $7 million and $10 million"},{"label":"Affected area","value":"fulfillment centers in Bethlehem, Pennsylvania and Dallas, Texas"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}