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Oct 31, 2020
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.
Stitch Fix
Stitch Fix
Forward Guidance
The company expects to deliver between 20% and 25% growth for the full year.