NASDAQ$SFIX

Stitch Fix Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a 10% increase in net revenue year-over-year and a 10% increase in active clients year-over-year.

Stitch Fix announced its financial results for the first quarter of fiscal year 2021, reporting a 10% increase in net revenue to $490.4 million and a 10% increase in active clients to nearly 3.8 million. The company achieved several multi-year highs, including the highest sequential client addition on record and the highest level of successful first Fixes in the past five years.

  • Net revenue increased by 10% year-over-year, reaching $490.4 million.
  • Active clients increased by 10% year-over-year, totaling nearly 3.8 million.
  • Net revenue per active client decreased by 4% year-over-year to $467.
  • Net income was $9.5 million, with diluted earnings per share of $0.09.

Headline financials

Total Revenue

$490M

Previous: $445M+10.3%
EPS (adj)

$0.09

Previous: -$0.00+5242.9%
Active clients

3.8M

Previous: 3.4M+10.2%
Net revenue per active client

$467.00

Previous: $485.00-3.7%
Capital Expenditures

-$5.99M

Previous: -$7.5M+20.2%
Free Cash Flow

$3.56M

Previous: -$7.68M+146.3%
Net Income

$9.54M

Previous: -$178K+5460.1%
Operating Income

-$19.5M

Previous: $160K-12308.1%
Gross Profit

$219M

Previous: $201M+9.0%
Cash & Equivalents

$200M

No prior period
Total Assets

$880M

No prior period
Stock-Based Comp

$19.9M

No prior period

Revenue & EPS history

Stitch Fix · Revenue · Quarterly

$490M

Q1 2021+10.3%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company expects to deliver between 20% and 25% growth for the full year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-1.3%

Avg return

30 days after

38%

15 / 40 earnings

Positive

+45.0%

Q1 2025

Best reaction

-40.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+16.7%+15.9%
Q2 2026-2.7%-5.6%-9.2%
Q1 2026+8.7%+15.6%+9.2%
Q4 2025-16.7%-22.9%-18.8%
Q3 2025-1.3%-0.3%+19.4%
Q2 2025-5.4%-15.1%-29.3%
Q1 2025+45.0%-14.4%+7.6%
Q4 2024-40.1%-25.1%-25.3%
Q3 2024+34.1%+44.4%+50.4%
Q2 2024-19.3%-21.8%-23.1%
Q1 2024-9.9%-3.9%-20.2%
Q4 2023+5.9%-3.4%+4.3%
Q3 2023+37.1%+30.4%+9.5%
Q2 2023+3.8%-0.4%-8.2%
Q1 2023-8.4%-3.7%-13.2%
Q4 2022-3.2%-14.8%-30.9%
Q3 2022-27.0%-28.4%-37.6%
Q2 2022-2.0%-3.6%-6.4%
Q1 2022-20.4%-20.1%-18.6%
Q4 2021+12.8%+20.2%-4.2%
Q3 2021+19.1%+15.4%+6.4%
Q2 2021-32.6%-26.2%-30.0%
Q1 2021+40.3%+68.9%+69.2%
Q4 2020-8.8%-9.7%+19.8%
Q3 2020-5.6%-6.1%+17.4%
Q2 2020-30.4%-41.8%-40.4%
Q1 2020+8.9%+7.4%-1.9%
Q4 2019-7.1%+1.9%+18.8%
Q3 2019+12.1%+16.5%+28.6%
Q2 2019+31.4%+24.5%+4.0%
Q1 2019-22.1%-22.8%-23.5%
Q2 2018-0.9%-10.5%-4.7%
Q4 2016-0.9%-10.5%-4.7%
Q4 2018-33.9%-39.9%-39.8%
Q3 2017+21.3%+29.4%+64.8%
Q3 2018+20.6%+16.7%+57.1%
Q2 2017-9.8%-15.4%-1.1%
Q1 2017-6.3%-0.6%-16.4%
Q1 2018-6.3%-0.6%-16.4%
Q4 2017-6.3%+3.2%-13.2%
Q3 2016
Q2 2016
Q1 2016

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