Stitch Fix Q2 revenue falls 18% to $330.4M; active clients down 17% YoY

Stitch Fix, Inc.

2024-Q2 EPS reported -$0.60 revenue$695,187,000

Net revenue $330.4M (-18% YoY); GAAP net loss $35.0M ($0.29 loss per share).
Active clients 2.805M, down 6% QoQ and 17% YoY; RPAC $515, down 3% YoY.
Adjusted EBITDA $4.4M (positive); Q3 guidance revenue $300-310M, adjusted EBITDA -$5M to $0M.
Full-year FY2024 revenue guidance $1.29-1.32B (down ~19%); adjusted EBITDA $10-20M.
UK operations discontinued; all results reflect continuing operations.

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 the second quarter of fiscal 2024 ended January 27, 2024 results: revenue $330.4 million, net income Net loss from continuing operations of $35.0 million and diluted loss per share from continuing operations of $0.29, EPS $0.29. Guidance reaffirmed.

Period: the second quarter of fiscal 2024 ended January 27, 2024
Revenue: $330.4 million
Net income: Net loss from continuing operations of $35.0 million and diluted loss per share from continuing operations of $0.29
EPS: $0.29
Guidance: reaffirmed
Result: reported results

Exact text from the filing

amounts and disclosures below relate to our continuing operations. Second Quarter Fiscal 2024 Key Metrics and Financial Highlights • Net revenue from continuing operations of $330.4 million, a decrease of 18% year-over-year. • Active clients from continuing operations of 2,805,000, a decrease of 184,000, or 6%, quarter-over-quarter; and a decrease of 572,000, or

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Source: SEC EDGAR

accession 0001576942-24-000014

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