Stitch Fix (SFIX) Tops Q2 EPS by 5c

Stitch Fix (NASDAQ: SFIX) reported Q2 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $451.8 million versus the consensus estimate of $452.53 million.

Second quarter highlights

• Active clients of 3.5 million, an increase of 17% year over year
• Net revenue per active client of $501, an increase of 8% year over year
• Net revenue of $451.8 million, an increase of 22% year over year
• Net income of $11.4 million
• Adjusted EBITDA of $14.3 million and adjusted EBITDA excluding stock-based compensation expense of $30.1 million
• Diluted earnings per share of $0.11

“We are pleased to deliver another strong quarter in Q2,” said Stitch Fix founder and CEO Katrina Lake. “Net revenue was $452 million, representing 22% year-over-year growth, in line with our guidance. We grew active clients to 3.5 million, an increase of 17% year over year, and grew net revenue per active client by 8% year over year, our seventh consecutive quarter of growth and a reflection of our unique personalization capabilities.”

Lake added, “This quarter, we are excited to expand our new direct buy offerings to even more clients. As we continue to evolve our personalization capabilities we're confident in our ability to capture additional market share, and deliver on our mission to transform the way people find what they love.”

For earnings history and earnings-related data on Stitch Fix (SFIX) click here.

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