Stitch Fix (SFIX) reported earnings Tue 22 Sept 20 (a/h)

** charts before earnings **

 

** charts after earnings ** 

Stitch Fix misses by $0.27, beats on revs

Reports Q4 (Jul) loss of $0.44 per share, $0.27 worse than the S&P Capital IQ Consensus of ($0.17); revenues rose 2.6% year/year to $443.4 mln vs the $415.52 mln S&P Capital IQ Consensus.

Reports active clients of 3.5 million, an increase of 9% year over year.

Net revenue per active client of $486, an increase of 2% year over year on an adjusted basis.

The San Francisco-based company reported a fourth-quarter loss of $44.5 million, or 44 cents a share, vs. a profit of $7.2 million, or 7 cents a share, in the year-ago period. Adjusted Ebitda, excluding stock-based compensation, was $11.8 million. Revenue rose to $443 million from $432 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 16 cents a share on revenue of $415.2 million.

Stitch Fix grew its active clients 9% year-over-year to 3.5 million, and CEO Katrina Lake said in a statement that she was proud of her team for “successfully navigating through the deepest impacts of COVID-19” and expressed optimism about the future of online shopping.

Stitch Fix shares have risen more than 19% so far this year, about on par with the Nasdaq Composite Index COMP, -2.73%, which is up about 20%.