Stitch Fix Q2 Loss Narrows to $2.7M on 9.4% Revenue Growth
Stitch Fix reported a fiscal Q2 loss of $2.7 million (2¢ per share) versus a 5¢ per-share loss estimate and generated $341.3 million in revenue, beating the $338.8 million consensus and driving a 9.4% sales increase for a second straight quarter. It forecasts Q3 revenue of $330 million–$335 million and full-year sales of $1.33 billion–$1.35 billion.
1. Financial Results
Stitch Fix posted a fiscal Q2 net loss of $2.7 million, or 2 cents per share, compared to analyst projections for a 5-cent loss, while revenue reached $341.3 million, surpassing the $338.8 million consensus.
2. Operational Performance
The company achieved a 9.4% year-over-year sales gain for the second consecutive quarter, driven by a 7.4% increase in average revenue per client despite a 3.5% decline in active client count to 2.3 million, supporting adjusted EBITDA of $15.9 million.
3. Outlook
Management expects fiscal Q3 revenue between $330 million and $335 million and full-year revenue of $1.33 billion to $1.35 billion, signaling confidence in continued top-line growth momentum.