Categories AlphaGraphs, Consumer, Earnings
Stitch Fix (SFIX) reports narrower Q1 loss; revenue down 18%
Personal styling company Stitch Fix, Inc. (NASDAQ: SFIX) announced financial results for the first quarter of 2024, reporting a narrower net loss and double-digit decline in revenues.
Stitch Fix reported a comprehensive loss of $36.5 million for the October quarter, compared to a loss of $57.7 million in the same period of 2023. Loss per share from continuing operations was $0.22 per share, vs. a loss of $0.43 per share last year. Adjusted EBITDA was $8.63 million in Q1, compared to a loss of $1.72 million in the year-ago fiscal quarter.
First-quarter revenues came in at $364.8 million, compared to $443.7 million in the corresponding period of 2023. The company had around 2.99 million active clients at the end of the quarter.
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