$SFIX (+2,14%) | Stitch Fix Q1 Earnings Highlights:
🔹 EPS: -$0.05 (Est. -$0.14) 🟢
🔹 Revenue: $318.8M (Est. $307.04M) 🟢; -12.6% YoY
🔹 Active Clients: 2.43M; -3.0% QoQ, -18.6% YoY
🔹 Revenue per Active Client (RPAC): $531; +4.9% YoY
🔹 Gross Margin: 45.4%; +180 bps YoY
🔹 Adjusted EBITDA: $13.5M
🔹 Free Cash Flow: $9.9M
🔹 Cash Balance: $253.3M; No Debt
Q2 Outlook:
🔹 Revenue: $290M-$300M (Est. $283.6M) 🟢
🔹 Adjusted EBITDA: $8M-$13M; 2.8%-4.3% margin
🔹 Gross Margin: 44%-45%
FY2025 Outlook:
🔹 Revenue: $1.14B-$1.18B; -15% to -12% YoY
🔹 Adjusted EBITDA: $25M-$36M; 2.2%-3.1% margin
🔹 Advertising Expense: High end of 8%-9% of revenue
Key Metrics:
🔸 Net Cash from Operations: $14.3M in Q1
🔸 Continued cost management and operational improvements
CEO Matt Baer's Commentary:
🔸 "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:
🔸 Gross Margin Improvement: Driven by better transportation leverage and product margins
🔸 Focus on cost management discipline and free cash flow generation
