secwatch.observer — SEC 8-K summary
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Issuer:     Stitch Fix, Inc. (SFIX)
CIK:        0001576942
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001576942-23-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000105/0001576942-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000105/sfix-20230918.htm
  HTML page:      https://secwatch.observer/filing/0001576942-23-000105

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