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Aug 03, 2024
Stitch Fix Q4 2024 Earnings Report
Announced financial results for the fourth quarter and full fiscal year 2024.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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