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May 02, 2020
Stitch Fix Q3 2020 Earnings Report
Announced third quarter fiscal year 2020 financial results, showing a decrease in net revenue but an increase in active clients and net revenue per active client.
Key Takeaways
Stitch Fix reported a decrease in net revenue of 9% year over year, totaling $371.7 million. However, the company saw growth in active clients, reaching 3.4 million, a 9% increase year over year, and net revenue per active client increased by 6% to $498. The company experienced a net loss of $33.9 million and expects a return to positive growth in Q4.
Active clients increased to 3.4 million, up 9% year over year.
Net revenue per active client grew by 6% year over year to $498.
Net revenue totaled $371.7 million, a decrease of 9% year over year.
The company expects a return to positive growth in Q4.
Forward Guidance
The company anticipates a return to positive growth in Q4, leveraging its business model and balance sheet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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