Press release
Stitch Fix Announces Third Quarter of Fiscal Year 2025 Financial Results
SAN FRANCISCO, June 10, 2025 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced its financial
About this update from Stitch Fix, Inc.
[{"type":"text","content":"SAN FRANCISCO, June 10, 2025 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced its financial results for the third quarter of fiscal year 2025, ended May 3, 2025. “Stitch Fix delivered strong third quarter results, marked by our overall return to year-over-year revenue growth,” said Matt Baer, CEO, Stitch Fix. “Our performance, which exceeded expectations, is the direct result of the strength of the Stitch Fix value proposition and the team's disciplined execution of our strategy. Now in the growth phase of our transformation, we are focused on cementing our role as the retailer of choice for apparel and accessories by consistently delivering the most client-centric and personalized shopping experience.” Third Quarter Fiscal 2025 Key Metrics and Financial Highlights Net revenue of $325.0 million, an increase of 0.7% year-over-year.Active clients of 2,353,000, a decrease of 18,000, or 0.8%, quarter-over-quarter; and a decrease of 280,000, or 10.6%, year-over-year.Net revenue per active client (“RPAC”) of $542, an increase of 3.2% year-over-year.Gross margin of 44.2%, a decrease of 130 basis points year-over-year, driven primarily by lower product margins.Net loss of $7.4 million and net loss margin of 2.3%; diluted loss per share of $0.06.Adjusted EBITDA of $11.0 million and Adjusted EBITDA margin of 3.4%, which reflect continued cost management discipline.Net cash provided by operating activities of $20.5 million and free cash flow of $16.0 million in the third fiscal quarter.We ended the quarter with $242.1 million of cash, cash equivalents, and investments; and no debt. Financial Outlook Our updated financial outlook for the fourth quarter of fiscal 2025, ending August 2, 2025, is as follows: Q4 2025Net Revenue$298 million - $303 million(6.7)% - (5.2)% YoY0.0% - 1.7% YoY adjusted to a 13-week period (1)Adjusted EBITDA$3 million - $7 million1.0% - 2.3% margin (1) Fourth quarter of fiscal 2024 net revenue from continuing operations has been adjusted to remove the impact of the extra week for year-over-year comparative purposes. Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to July 31. The fiscal year 2025 is a 52-week year and the fiscal year 2024 was a 53-week year, with the extra week occurring in the fourth quarter ending August 3,...