Stitch Fix Q1 2022 Earnings Report
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.
Stitch Fix
Stitch Fix
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%.