** charts before earnings **
** charts after earnings **
Stitch Fix beats by $0.06, beats on revs; guides Q4 revs in-line; slightly raises FY18 revs outlook, narrows adj EBITDA guidance
- Reports Q3 (Apr) earnings of $0.09 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.03; revenues rose 29.2% year/year to $316.7 mln vs the $306.67 mln Capital IQ Consensus.
- Grew active clients to 2.7 million as of April 28, 2018, an increase of 614,000 and 29.6% year over year.
- Co issues in-line guidance for Q4, sees Q4 revs of $310-320 mln vs. $314.81 mln Capital IQ Consensus Estimate.
- Also sees adj EBITDA of $6-11 mln
- Co slightly raises FY18 rev guidance -- now sees revs of $1.22-1.23 bln (from $1.19-1.22 bln) vs. $1.21 bln Capital IQ Consensus Estimate. Narrows adj EBITDA guidance to $48-53 mln from $45-55 mln
- Also names Deirdre Findlay as Chief Marketing Officer
Stitch Fix names Deirdre Findlay as Chief Marketing Officer
Findlay most recently served as Senior Director of Global Hardware Marketing at Google (
GOOG), where she oversaw marketing for Google's home hardware products, including Google Home, Chromecast, and Google Wifi. Findlay has nearly 20 years of experience leading cross-departmental teams, delivering strategic integrated marketing campaigns, and building brand strategy at organizations like Google and eBay (
EBAY), as well as for Whirlpool Brands (
WHR), Allstate Insurance (
ALL), MillerCoors, and Kaiser Permanente while serving as SVP at leading digital marketing agency Digitas.