1Sem.ยท

$SFIX (+1,96ย %) | Stitch Fix Q1 Earnings Highlights:


๐Ÿ”น EPS: -$0.05 (Est. -$0.14) ๐ŸŸข

๐Ÿ”น Revenue: $318.8M (Est. $307.04M) ๐ŸŸข; -12.6% YoY

๐Ÿ”น Active Clients: 2.43M; -3.0% QoQ, -18.6% YoY

๐Ÿ”น Revenue per Active Client (RPAC): $531; +4.9% YoY

๐Ÿ”น Gross Margin: 45.4%; +180 bps YoY

๐Ÿ”น Adjusted EBITDA: $13.5M

๐Ÿ”น Free Cash Flow: $9.9M

๐Ÿ”น Cash Balance: $253.3M; No Debt


Q2 Outlook:

๐Ÿ”น Revenue: $290M-$300M (Est. $283.6M) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: $8M-$13M; 2.8%-4.3% margin

๐Ÿ”น Gross Margin: 44%-45%


FY2025 Outlook:

๐Ÿ”น Revenue: $1.14B-$1.18B; -15% to -12% YoY

๐Ÿ”น Adjusted EBITDA: $25M-$36M; 2.2%-3.1% margin

๐Ÿ”น Advertising Expense: High end of 8%-9% of revenue


Key Metrics:

๐Ÿ”ธ Net Cash from Operations: $14.3M in Q1

๐Ÿ”ธ Continued cost management and operational improvements


CEO Matt Baer's Commentary:

๐Ÿ”ธ "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:

๐Ÿ”ธ Gross Margin Improvement: Driven by better transportation leverage and product margins

๐Ÿ”ธ Focus on cost management discipline and free cash flow generation

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