Stitch Fix (SFIX) Tops Q1 EPS by 1c, Slight Beat on Revenues
Stitch Fix (NASDAQ: SFIX) reported Q1 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $295.6 million versus the consensus estimate of $295.02 million.
- We delivered $295.6 million in net revenue, representing 25.2% year-over-year top-line growth, $13.5 million in net income, and $24.8 million in cash flow from operations in Q1 FY18. We achieved these results as we invested in new categories, technology headcount, and marketing. We grew our active client count to 2.4 million as of October 28, 2017, an increase of 549,000 and 29.7% year over year.
- We drove continued growth in our recently launched Men’s and Plus categories. In our core Women’s offering, we expanded our product assortment through broadening our range of price points, including the launch of Premium Brands and continued expansion of lower price points.
- We apply data science pervasively throughout our business; in Q1 FY18, we continued to use data science to introduce more hybrid design products.
For earnings history and earnings-related data on Stitch Fix (SFIX) click here.
