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Jul 31, 2021
Stitch Fix Q4 2021 Earnings Report
Delivered strong revenue growth and increased active clients.
Key Takeaways
Stitch Fix reported Q4 2021 financial results, achieving $571 million in net revenue, a 29% year-over-year increase. The company served almost 4.2 million clients and launched Stitch Fix Freestyle.
Net revenue increased by 29% year-over-year, reaching $571.2 million.
Active clients increased by 18% year-over-year, totaling 4,165,000.
Net revenue per active client increased by 4% year-over-year, reaching $505.
Net income was $21.5 million, with diluted earnings per share of $0.19.
Stitch Fix
Stitch Fix
Forward Guidance
Stitch Fix provided financial outlook for the first quarter and full fiscal year 2022.
Positive Outlook
- Q1 2022 Net Revenue: $560 million - $575 million
- Q1 2022 YoY growth: 14.0% - 17.0%
- Q1 2022 Adjusted EBITDA: $15 million - $20 million
- Q1 2022 Adjusted EBITDA margin: 2.7% - 3.5%
- FY 2022 Net Revenue growth: > 15.0%
Challenges Ahead
- FY 2022 Adjusted EBITDA margin: > 2.0%
- Uncertainties related to the ongoing COVID-19 pandemic
- Risks related to supply chain and sourcing of materials
- Risks related to international operations
- Ability to generate sufficient net revenue to offset costs