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SAN FRANCISCO - Stitch Fix Inc. (NASDAQ:SFIX) reported better-than-expected revenue for its first quarter of fiscal 2026, with sales rising 7.3% YoY to $342.1 million, exceeding analyst estimates of $336.08 million.
The online personal styling service’s shares jumped 5.3% after hours Thursday following the announcement.
The company’s adjusted loss per share of -$0.05 matched analyst expectations, while its adjusted EBITDA reached $13.4 million, representing a margin of 3.9%. Despite a 5.2% YoY decline in active clients to 2.307 million, Stitch Fix managed to increase revenue per active client by 5.3% to $559.
"Q1 was a strong start to the fiscal year—we accelerated year-over-year revenue growth to 7.3% and captured considerable market share gains," said CEO Matt Baer. "As a result of the successful execution of our transformation strategy, we are increasingly becoming the retailer of choice for more of our clients’ apparel and accessories needs."
Gross margin decreased 180 basis points YoY to 43.6%, while the company generated positive free cash flow of $5.6 million during the quarter.
Looking ahead, Stitch Fix provided an optimistic outlook, forecasting second-quarter revenue between $335 million and $340 million, representing 7.3% to 8.9% YoY growth. For fiscal 2026, the company expects revenue of $1.32 billion to $1.35 billion, above the consensus estimate of $1.31 billion, with adjusted EBITDA projected between $38 million and $48 million.
The company also anticipates being free cash flow positive for the full fiscal year, with gross margin expected to be between 43% and 44%.
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