NASDAQ$SFIX

Stitch Fix Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Delivered strong top line revenue growth with continued momentum in Womens and Kids, and in the U.K., with revenue per active client reaching a record.

Stitch Fix reported a net revenue of $581 million for Q1 2022, reflecting a 19% year-over-year growth. The company's revenue per active client reached a record $524 across nearly 4.2 million clients. The results reflect a strong performance in both Fix and Freestyle.

  • Net revenue increased by 19% year-over-year, reaching $581.2 million.
  • Active clients increased by 11% year-over-year, totaling 4,180,000.
  • Net revenue per active client increased by 12% year-over-year, reaching $524.
  • The company reported a net loss of $1.8 million, with a diluted loss per share of $0.02.

Headline financials

Total Revenue

$581M

Previous: $490M+18.5%
EPS (adj)

-$0.02

Previous: $0.09-122.2%
Active clients

4.2M

Previous: 3.8M+11.1%
Net revenue per active client

$524.00

Previous: $467.00+12.2%
Capital Expenditures

-$16.4M

Previous: -$5.99M-173.9%
Free Cash Flow

-$18.2M

Previous: $3.56M-612.3%
Net Income

-$1.83M

Previous: $9.54M-119.1%
Operating Income

-$1.85M

Previous: -$19.5M+90.5%
Gross Profit

$273M

Previous: $219M+24.4%
Cash & Equivalents

$250M

Previous: $200M+24.6%
Total Assets

$929M

Previous: $880M+5.6%
Stock-Based Comp

$32.3M

Previous: $19.9M+62.2%

Revenue & EPS history

Stitch Fix · Revenue · Quarterly

$581M

Q1 2022+18.5%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

For the second quarter of fiscal 2022, Stitch Fix expects net revenue between $505 million and $520 million, representing 0% - 3% YoY growth. Adjusted EBITDA is expected to be between $(5) million and $5 million, with a margin of (1)% - 1%. For the full fiscal year 2022, the company expects year-over-year net revenue growth at a high single-digit rate and adjusted EBITDA margin to be between 1% and 2%.

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 2022

Historical avgQ1 2022

-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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