---
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"
generated_at: "2026-06-14T06:37:47.207396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stitch Fix Q3 revenue down 20% to $395M; announces distribution center closures and UK exit exploration

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001576942-23-000059
- JSON: https://secwatch.observer/filing/0001576942-23-000059.json
- Plain text: https://secwatch.observer/filing/0001576942-23-000059.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/0001576942-23-000059-index.htm
- Restructurings & Charges
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000059/0001576942-23-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.