NASDAQ$SFIX

Stitch Fix Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced third quarter fiscal year 2020 financial results, showing a decrease in net revenue but an increase in active clients and net revenue per active client.

Stitch Fix reported a decrease in net revenue of 9% year over year, totaling $371.7 million. However, the company saw growth in active clients, reaching 3.4 million, a 9% increase year over year, and net revenue per active client increased by 6% to $498. The company experienced a net loss of $33.9 million and expects a return to positive growth in Q4.

  • Active clients increased to 3.4 million, up 9% year over year.
  • Net revenue per active client grew by 6% year over year to $498.
  • Net revenue totaled $371.7 million, a decrease of 9% year over year.
  • The company expects a return to positive growth in Q4.

Headline financials

Total Revenue

$372M

Previous: $409M-9.1%
EPS (adj)

-$0.33

Previous: $0.07-571.4%
Active clients

3.4M

Previous: 3.1M+8.5%
Net revenue per active client

$498.00

Previous: $467.00+6.6%
Capital Expenditures

-$18.7M

Previous: -$24.5M+23.9%
Free Cash Flow

-$52.6M

Previous: -$17.5M-200.8%
Net Income

-$33.9M

Previous: $7.05M-581.0%
Operating Income

-$46.1M

Previous: -$4.57M-908.4%
Gross Profit

$152M

Previous: $184M-17.8%
Cash & Equivalents

$96.8M

Previous: $144M-32.7%
Total Assets

$782M

Previous: $591M+32.1%
Stock-Based Comp

$19.6M

Previous: $9.07M+116.1%

Revenue & EPS history

Stitch Fix · Revenue · Quarterly

$372M

Q3 2020-9.1%vs Q3 2019
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

The company anticipates a return to positive growth in Q4, leveraging its business model and balance sheet.

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 Q3 2020

Historical avgQ3 2020

-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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