NASDAQ$SFIX
Stitch Fix Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter of fiscal year 2023 financial results, showing progress on transformation journey amidst a difficult macro environment.
Stitch Fix reported a net revenue of $455.6 million, a 22% decrease year-over-year. The company has 3,709,000 active clients, a decrease of 11% year-over-year. Net loss was $55.9 million, with a diluted loss per share of $0.50. Adjusted EBITDA loss was $7.4 million.
- Net revenue decreased by 22% year-over-year, totaling $455.6 million.
- Active clients decreased by 11% year-over-year, reaching 3,709,000.
- Net revenue per active client (RPAC) remained approximately flat year-over-year at $525.
- Net loss amounted to $55.9 million, with a diluted loss per share of $0.50.
Headline financials
Revenue & EPS history
Stitch Fix · Revenue · Quarterly
$456M
Forward guidance
For the second quarter of fiscal 2023, Stitch Fix expects net revenue between $410 million and $420 million, representing a 19% to 21% year-over-year decline. Adjusted EBITDA is expected to be between negative $5 million and positive $5 million. For the full fiscal year 2023, net revenue is expected to be between $1.6 billion and $1.7 billion, with adjusted EBITDA between negative $10 million and positive $10 million.
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 2023
-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
| Quarter | Report date | Reaction (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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