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Feb 01, 2020
Stitch Fix Q2 2020 Earnings Report
Stitch Fix's Q2 2020 financial results were announced, demonstrating growth in active clients and revenue.
Key Takeaways
Stitch Fix reported a strong second quarter with a 22% increase in net revenue year-over-year, reaching $451.8 million. Active clients grew by 17% to 3.5 million, and net income was $11.4 million, with earnings per share of $0.11.
Active clients reached 3.5 million, a 17% increase year-over-year.
Net revenue per active client increased by 8% year-over-year to $501.
Net revenue totaled $451.8 million, representing a 22% increase year-over-year.
Net income was reported at $11.4 million, with diluted earnings per share of $0.11.
Stitch Fix
Stitch Fix
Forward Guidance
The press release contains forward-looking statements regarding future financial performance, market trends, and the success of expansions.