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SAN FRANCISCO - Shares of Stitch Fix (NASDAQ:SFIX) surged 20.5% in after-hours trading on Tuesday after the online personal styling service reported better-than-expected fiscal second quarter results and provided upbeat guidance.
Stitch Fix posted a loss of $0.05 per share for the quarter ended February 1, 2025, beating analyst estimates for a loss of $0.17 per share. Revenue came in at $312.1 million, topping expectations of $297.31 million but down 5.5% YoY.
The company’s active client count fell 15.5% YoY to 2.37 million, but net revenue per active client rose 4.3% to $537.
"Our clients are responding to the improvements we’ve made to our experience, including the increased newness in our assortment, expanded Fix flexibility, and investments in stronger client-Stylist relationships," said CEO Matt Baer.
For the third quarter, Stitch Fix expects revenue between $311-316 million, well above the $278.6 million consensus. The company also raised its full-year 2025 revenue outlook to $1.225-1.24 billion, surpassing analyst projections of $1.18 billion.
Gross margin expanded 110 basis points YoY to 44.5%, which the company attributed to higher average order values and improved product margins.
"We are encouraged by our progress and remain focused on successfully executing our strategy so we can realize our vision to be the most client-centric and personalized shopping experience," Baer added.
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