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SAN FRANCISCO - Stitch Fix Inc. (NASDAQ:SFIX) reported better-than-expected fiscal third quarter results, but shares fell 4% in after-hours trading as revenue growth remained tepid.
The online personal styling service posted revenue of $325 million for the quarter ended May 3, up just 0.7% YoY but beating analyst estimates of $315.13 million. Adjusted loss per share came in at $0.06, smaller than the $0.11 loss analysts expected.
While the company returned to YoY revenue growth, active clients declined 10.6% YoY to 2.35 million. However, net revenue per active client increased 3.2% to $542.
"Our performance, which exceeded expectations, is the direct result of the strength of the Stitch Fix value proposition and the team’s disciplined execution of our strategy," said CEO Matt Baer.
For the full fiscal year 2025, Stitch Fix expects revenue between $1.254 billion and $1.259 billion, representing a decline of 4.7% to 4.3% YoY when adjusted for the extra week in fiscal 2024.
The company ended the quarter with $242.1 million in cash and no debt. It expects to be free cash flow positive for the full fiscal year.
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