secwatch.observer — SEC 8-K summary
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Issuer:     Stitch Fix, Inc. (SFIX)
CIK:        0001576942
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001576942-23-000143
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/0001576942-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/sfix-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001576942-23-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer