Stitch Fix Q3 Revenue Climbs 4.7% to $340.3M with Record $578 Client Spend
SFIX•Stitch Fix reported fiscal Q3 net revenue of $340.3 million, up 4.7% year-over-year, and narrowed its net loss to $1.5 million from $7.4 million. Active client count reached 2.3 million and revenue per client climbed 6.6% to a record $578, driven by 35% surge in new assortment sales.
1. Revenue and Net Loss Improvement
Stitch Fix posted fiscal third quarter net revenue of $340.3 million, up 4.7% year-over-year, and narrowed its net loss to $1.5 million from $7.4 million a year earlier.
2. Client Metrics and Per-Client Revenue
The active client base reached 2.3 million, a 0.9% sequential gain despite a 1.9% year-over-year decline, while revenue per client climbed 6.6% to an all-time high of $578.
3. New Assortment Sales Surge
Sales from private and national brand assortments surged 35%, marking the 11th consecutive quarter of higher average order values.
4. AI Personalization and Styling Initiatives
Stitch Fix is advancing its AI-driven personalization with tools like Stitch Fix Vision and targeted campaigns for customers undergoing body changes via GLP-1 therapies, enhancing styling recommendations.
