Stitch Fix Q1 net revenue $364.8M (-18% YoY); adjusted EBITDA $8.6M beats guidance

Stitch Fix, Inc.

2024-Q1 EPS reported -$0.30 revenue$364,785,000

Net loss from continuing operations $26.2M, diluted EPS -$0.22; revenue down 18% YoY to $364.8M.
Active clients fell 4% QoQ to 2.989M; revenue per active client $506 (-6% YoY).
Adjusted EBITDA from continuing operations $8.6M, above guidance high end; free cash flow $16.9M, 4th consecutive quarter positive.
New $50M revolving credit facility with Citibank maturing Dec 2026; $262.3M cash, no bank debt.
Q2 FY2024 guidance: revenue $325M-$335M, adjusted EBITDA $2M-$7M; FY2024 revenue $1.30B-$1.37B.

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 0.95

Stitch Fix, Inc. reported first quarter of fiscal 2024 ended October 28, 2023 results: revenue Net revenue from continuing operations of $364.8 million, net income Net loss from continuing operations of $26.2 million, EPS diluted loss per share from continuing operations of $0.22.

Period: first quarter of fiscal 2024 ended October 28, 2023
Revenue: Net revenue from continuing operations of $364.8 million
Net income: Net loss from continuing operations of $26.2 million
EPS: diluted loss per share from continuing operations of $0.22
Result: reported results

Exact text from the filing

amounts and disclosures below relate to our continuing operations. First Quarter Fiscal 2024 Key Metrics and Financial Highlights • Net revenue from continuing operations of $364.8 million, a decrease of 18% year-over-year, but at the higher end of our first quarter 2024 guidance range. • Net loss from continuing operations of $26.2 million and diluted loss per

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Stitch Fix, Inc. reported second quarter of fiscal 2024 ending January 27, 2024 results: revenue Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million. Guidance initiated.

Period: second quarter of fiscal 2024 ending January 27, 2024
Revenue: Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Our financial outlook for our continuing operations for the second quarter of fiscal 2024 ending January 27, 2024 is as follows: Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million (19)% - (16)% YoY decline Adjusted EBITDA from Continuing Operations $2 million - $7 million 1% - 2% margin

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Source: SEC EDGAR

accession 0001576942-23-000143

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