Stitch Fix Q2 revenue beats estimates

Stitch Fix

11/03/2026 20:14

Overview

US online styling service's fiscal Q2 revenue rose 9.4% yr/yr, beating analyst expectations

Adjusted EBITDA for fiscal Q2 beat consensus

Active clients fell 3.5% yr/yr, but revenue per client rose 7.4%

Outlook

Stitch Fix sees Q3 net revenue of $330 mln-$335 mln

Company expects FY 2026 net revenue of $1.33 bln-$1.35 bln

Stitch Fix expects FY 2026 gross margin between 43% and 44%

Result Drivers

CLIENT EXPERIENCE ENHANCEMENTS - Co said improvements to client experience, assortment quality and breadth, and new AI features drove increased client engagement

HIGHER REVENUE PER CLIENT - Net revenue per active client rose 7.4% yr/yr, which the co attributed to increased engagement and personalization

Company press release: ID:nBw2mnpT1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$341.3 mln
$332.88 mln (4 Analysts)
Q2 EPS
-$0.02
Q2 Net Income
-$2.7 mln
Q2 Adjusted EBITDA
Beat
$15.9 mln
$11.08 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Stitch Fix Inc is $5.00, about 44.3% above its March 10 closing price of $3.47

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)