Stitch Fix Q4 2022 Earnings Report
Key Takeaways
Stitch Fix reported a decrease in net revenue and active clients for the fourth quarter of 2022, while net revenue per active client increased. The company is focused on navigating the macroeconomic environment and returning to profitability.
Net revenue was $481.9 million, a decrease of 16% year over year.
Active clients totaled 3,795,000, a decrease of 9% year over year.
Net revenue per active client (RPAC) was $546, an increase of 8% year over year.
Net loss was $96.3 million, with a diluted loss per share of $0.89.
Stitch Fix
Stitch Fix
Forward Guidance
For the first quarter of fiscal 2023, Stitch Fix expects net revenue between $455 million and $465 million, representing a 22% to 20% year-over-year decline. Adjusted EBITDA is projected to be between $(15) million and $(10) million.