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Oct 30, 2021
Stitch Fix Q1 2022 Earnings Report
Delivered strong top line revenue growth with continued momentum in Womens and Kids, and in the U.K., with revenue per active client reaching a record.
Key Takeaways
Stitch Fix reported a net revenue of $581 million for Q1 2022, reflecting a 19% year-over-year growth. The company's revenue per active client reached a record $524 across nearly 4.2 million clients. The results reflect a strong performance in both Fix and Freestyle.
Net revenue increased by 19% year-over-year, reaching $581.2 million.
Active clients increased by 11% year-over-year, totaling 4,180,000.
Net revenue per active client increased by 12% year-over-year, reaching $524.
The company reported a net loss of $1.8 million, with a diluted loss per share of $0.02.
Forward Guidance
For the second quarter of fiscal 2022, Stitch Fix expects net revenue between $505 million and $520 million, representing 0% - 3% YoY growth. Adjusted EBITDA is expected to be between $(5) million and $5 million, with a margin of (1)% - 1%. For the full fiscal year 2022, the company expects year-over-year net revenue growth at a high single-digit rate and adjusted EBITDA margin to be between 1% and 2%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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