Stitch Fix (NASDAQ: SFIX) reported Q3 EPS of ($0.18), $0.09 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $535.6 million versus the consensus estimate of $510.63 million.

Third Quarter Key Metrics and Financial Highlights

• Net revenue of $535.6 million, an increase of 44% year over year
• Net revenue per active client of $481, a decrease of 3% year over year, and an increase of 3% quarter over quarter
• Net loss of $18.8 million and diluted loss per share of $0.18
• Adjusted EBITDA of $11.6 million

Stitch Fix President and incoming CEO Elizabeth Spaulding said, “In Q3 we delivered $536 million in net revenue, reflecting 44% year-over-year growth, and grew our active client count to more than 4.1 million, reflecting 20% year-over-year growth and our second highest quarter-over-quarter active client additions ever. We’re pleased with our performance this quarter and are excited to meet the needs and enthusiasm of more and more clients as the world continues to reopen and the apparel retail backdrop improves. As we look ahead, we are inspired to be building an ecosystem of personalized shopping experiences, designed with universal appeal, to meet every need and occasion.”

GUIDANCE:

Stitch Fix sees Q4 2021 revenue of $540-550 million, versus the consensus of $534.61 million.

Stitch Fix sees FY2021 revenue of $2.07-2.08 billion, versus the consensus of $2.04 billion.

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