$SFIX (-0,41聽%) | Stitch Fix Q1 Earnings Highlights:
馃敼 EPS: -$0.05 (Est. -$0.14) 馃煝
馃敼 Revenue: $318.8M (Est. $307.04M) 馃煝; -12.6% YoY
馃敼 Active Clients: 2.43M; -3.0% QoQ, -18.6% YoY
馃敼 Revenue per Active Client (RPAC): $531; +4.9% YoY
馃敼 Gross Margin: 45.4%; +180 bps YoY
馃敼 Adjusted EBITDA: $13.5M
馃敼 Free Cash Flow: $9.9M
馃敼 Cash Balance: $253.3M; No Debt
Q2 Outlook:
馃敼 Revenue: $290M-$300M (Est. $283.6M) 馃煝
馃敼 Adjusted EBITDA: $8M-$13M; 2.8%-4.3% margin
馃敼 Gross Margin: 44%-45%
FY2025 Outlook:
馃敼 Revenue: $1.14B-$1.18B; -15% to -12% YoY
馃敼 Adjusted EBITDA: $25M-$36M; 2.2%-3.1% margin
馃敼 Advertising Expense: High end of 8%-9% of revenue
Key Metrics:
馃敻 Net Cash from Operations: $14.3M in Q1
馃敻 Continued cost management and operational improvements
CEO Matt Baer's Commentary:
馃敻 "Our fiscal year is off to a strong start, exceeding expectations on the top and bottom lines. Clients are responding positively to our improved assortment and enhanced client experience as we continue executing our transformation strategy. We expect to return to revenue growth by the end of FY26."
Operational Highlights:
馃敻 Gross Margin Improvement: Driven by better transportation leverage and product margins
馃敻 Focus on cost management discipline and free cash flow generation