secwatch.observer — SEC 8-K summary
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Issuer:     Stitch Fix, Inc. (SFIX)
CIK:        0001576942
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001576942-24-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stitch Fix Q3 revenue $322.7M beats guidance; net loss narrows, adj EBITDA positive
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- Net revenue $322.7M, down 16% YoY but exceeded expectations; gross margin improved 280 bps to 45.5%.
- Active clients fell to 2.63M, down 20% YoY and 6% QoQ; net revenue per active client up 2% to $525.
- Net loss from continuing ops $22.0M ($0.18 diluted loss); adjusted EBITDA $6.7M, positive for the quarter.
- Free cash flow $18.9M; cash and investments $244.5M with no debt.
- Q4 guidance: revenue $312-322M, adj EBITDA $5-10M; FY2024 revenue $1.33-1.34B, adj EBITDA $25-30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576942/000157694224000034/0001576942-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576942/000157694224000034/sfix-20240604.htm
  HTML page:      https://secwatch.observer/filing/0001576942-24-000034

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