Stitch Fix Q4 2024 Earnings Report
Key Takeaways
Stitch Fix reported Q4 2024 results with net revenue of $319.6 million, a decrease of 12.4% year-over-year, and a net loss of $35.7 million, or $0.29 loss per share. The company's gross margin increased to 44.6%, and it achieved adjusted EBITDA of $9.5 million and free cash flow of $4.5 million. The company ended the quarter with $247.0 million in cash, cash equivalents, and investments, and no debt.
Net revenue was $319.6 million, a 12.4% decrease year-over-year.
Gross margin increased by 50 basis points year-over-year to 44.6%.
Net loss was $35.7 million, with a diluted loss per share of $0.29.
Free cash flow for the quarter was $4.5 million.
Stitch Fix
Stitch Fix
Forward Guidance
The financial outlook for the first quarter of fiscal 2025 ending November 2, 2024, includes net revenue between $303 million and $310 million, representing a (17)% - (15)% YoY decrease, and adjusted EBITDA between $5 million and $9 million, with a 1.7% - 2.9% margin.