Stitch Fix Q1 2021 Earnings Report

Reported a 10% increase in net revenue year-over-year and a 10% increase in active clients year-over-year.

Key Takeaways

Stitch Fix announced its financial results for the first quarter of fiscal year 2021, reporting a 10% increase in net revenue to $490.4 million and a 10% increase in active clients to nearly 3.8 million. The company achieved several multi-year highs, including the highest sequential client addition on record and the highest level of successful first Fixes in the past five years.

Net revenue increased by 10% year-over-year, reaching $490.4 million.

Active clients increased by 10% year-over-year, totaling nearly 3.8 million.

Net revenue per active client decreased by 4% year-over-year to $467.

Net income was $9.5 million, with diluted earnings per share of $0.09.

Previous year: -$0.00175

-5242.9%