==== Stitch Fix (SFIX) reported earnings on Tue 7 March 23 (a/h)

 

Stitch Fix misses by $0.25, reports revs in-line; guides Q3 revs in-line; announces new CFO, effective April 3

• Reports Q2 (Jan) GAAP loss of $(0.58) per share, $0.25 worse than the S&P Capital IQ Consensus of $(0.33); revenues fell 20.2% year/year to $412.12 mln vs the $412.94 mln S&P Capital IQ Consensus.
  • Active clients of 3,574,000, a decrease of 445,000 or 11% year over year.
  • Net revenue per active client (RPAC) of $516, a decrease of 6.0% year over year.
• Co issues in-line guidance for Q3 (Apr), sees Q3 revs of $385-395 mln vs. $394.91 mln S&P Capital IQ Consensus.
• Co announced that Dan Jedda to step down as CFO to pursue another opportunity: to be succeeded by David Aufderhaar, SVP of Finance, Stitch Fix effective April 3.