Stitch Fix Q3 beats estimates on improved client experience
Stitch Fix Q3 beats estimates on improved client experience
Overview
Online personal styling firm's fiscal Q3 revenue rose 4.7% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q3 beat consensus
Company repurchased 4.5 mln shares for $15.1 mln
Outlook
Stitch Fix sees Q4 net revenue of $322 mln to $327 mln
Company expects fiscal 2026 net revenue of $1.346 bln to $1.351 bln
Stitch Fix expects fiscal 2026 gross margin between 43% and 44%
Result Drivers
CLIENT EXPERIENCE AND ASSORTMENT - Co said improvements to client experience and product assortment contributed to results
ACTIVE CLIENTS - Co reported sequential growth in active clients, though the total was down yr/yr
HIGHER REVENUE PER CLIENT - Net revenue per active client rose 6.6% yr/yr
Company press release: ID:nBw69tKtNa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $340.27 mln | $331.43 mln (5 Analysts) |
Q3 EPS |
| -$0.01 |
|
Q3 Net Income |
| -$1.52 mln |
|
Q3 Adjusted EBITDA | Beat | $13.23 mln | $9.24 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "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 38.1% above its June 9 closing price of $3.62
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(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.)