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Stitch Fix (SFIX) Tops Q1 EPS by 29c, Revenues Beat; 'We Expect Between 20%-25% Growth for Full Year'

December 7, 2020 4:07 PM EST

Stitch Fix (NASDAQ: SFIX) reported Q1 EPS of $0.09, $0.29 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $490.4 million versus the consensus estimate of $481.17 million.

First quarter highlights

  • Net revenue of $490.4 million, an increase of 10% year over year
  • Active clients of nearly 3.8 million, an increase of 347,000 or 10% year over year, and 241,000 clients quarter over quarter
  • Net revenue per active client of $467, a decrease of 4% year over year
  • Net income of $9.5 million and diluted earnings per share of $0.09
  • Adjusted EBITDA of $6.9 million

Stitch Fix Founder and CEO Katrina Lake said, “In Q1, we delivered $490 million in net revenue, reflecting 10% year-over-year growth, and grew our active client count to nearly 3.8 million, reflecting 10% year-over-year growth. This quarter we are proud to have achieved several multi-year highs, including our highest sequential client addition on record and the highest level of successful first Fixes in the past five years. Our powerful personalization engine is evolving, and innovations in our Fix and direct buy offerings will expand our addressable market, deepen client engagement and grow wallet share over time. We're excited about the momentum in our business, confident in the future ahead, and we expect to deliver between 20% and 25% growth for the full year.”

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



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