NASDAQ$SFIX
Stitch Fix Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported a revenue increase of 44% year-over-year, driven by strong client growth.
Stitch Fix announced its Q3 2021 financial results, reporting a net revenue of $536 million, a 44% increase year-over-year. The active client count grew to 4.1 million, reflecting a 20% year-over-year growth. However, the company reported a net loss of $18.8 million, with a diluted loss per share of $0.18.
- Net revenue increased by 44% year-over-year, reaching $535.6 million.
- Active clients grew by 20% year-over-year, totaling 4.1 million.
- Net revenue per active client decreased by 3% year-over-year to $481.
- Net loss was $18.8 million, with a diluted loss per share of $0.18.
Headline financials
Revenue & EPS history
Stitch Fix · Revenue · Quarterly
$536M
Forward guidance
Stitch Fix provided its financial outlook for the fourth quarter and full year of fiscal 2021, anticipating net revenue between $540 million and $550 million for Q4, representing a 21.8% to 24.0% year-over-year growth. The adjusted EBITDA is projected to be between $15 million and $20 million, with a margin of 2.8% to 3.6%. For the full fiscal year, net revenue is expected to be between $2.070 billion and $2.080 billion, with an adjusted EBITDA between $25 million and $30 million.
Tailwinds
- Net Revenue for Q4 is expected to be between $540 million and $550 million
- YoY growth for Q4 Net Revenue is expected to be between 21.8% and 24.0%
- Adjusted EBITDA for Q4 is expected to be between $15 million and $20 million
- Adjusted EBITDA margin for Q4 is expected to be between 2.8% and 3.6%
- Full year Net Revenue is expected to be between $2.070 billion and $2.080 billion
Headwinds
- Full year Adjusted EBITDA is expected to be between $25 million and $30 million
- Full year Adjusted EBITDA margin is expected to be between 1.2% and 1.4%
- There are substantial risks and uncertainties related to the ongoing COVID-19 pandemic.
- The company's ability to generate sufficient net revenue to offset costs is uncertain.
- The company's ability to acquire, engage, and retain clients is uncertain.
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 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
| 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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