Stitch Fix reports Q4 FY2023 revenue down 22% YoY; UK exit announced, guidance for FY2024 US business

Stitch Fix, Inc.

2023-FY EPS reported -$1.50 revenue$1,638,423,000

Q4 revenue $375.8M (-22% YoY); net loss $28.7M ($0.24 diluted EPS); adjusted EBITDA $10.4M.
Full year active clients 3.297M (-13% YoY); net revenue per active client $497 (-9% YoY).
Full year net loss $172M ($1.50 diluted EPS); adjusted EBITDA $16.8M; free cash flow $38.8M.
Exiting UK operations; expects UK as discontinued ops in Q1 FY2024; Q1 FY2024 US revenue guidance $355-365M.
FY2024 US revenue guidance $1.30-1.37B (down 14-18% YoY), adjusted EBITDA $5-30M (0-2% margin).

item 2.02 item 9.01

Key facts

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 fourth quarter and full year of fiscal 2023 ended July 29, 2023 results: revenue $375.8 million, net income Net loss of $28.7 million and diluted loss per share of $0.24, EPS $0.24. Guidance initiated.

Period: fourth quarter and full year of fiscal 2023 ended July 29, 2023
Revenue: $375.8 million
Net income: Net loss of $28.7 million and diluted loss per share of $0.24
EPS: $0.24
Guidance: initiated
Result: reported results

Exact text from the filing

to realizing the full potential of Stitch Fix and driving long-term, profitable growth.” Fourth Quarter Fiscal 2023 Key Metrics and Financial Highlights • Net revenue of $375.8 million, a decrease of 22% year-over-year • Net loss of $28.7 million and diluted loss per share of $0.24 • Adjusted EBITDA of $10.4 million Full Year Fiscal 2023 Key Metrics and

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Source: SEC EDGAR

accession 0001576942-23-000105

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