NASDAQ$SFIX

Stitch Fix Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Delivered strong revenue growth and increased active clients.

Stitch Fix reported Q4 2021 financial results, achieving $571 million in net revenue, a 29% year-over-year increase. The company served almost 4.2 million clients and launched Stitch Fix Freestyle.

  • Net revenue increased by 29% year-over-year, reaching $571.2 million.
  • Active clients increased by 18% year-over-year, totaling 4,165,000.
  • Net revenue per active client increased by 4% year-over-year, reaching $505.
  • Net income was $21.5 million, with diluted earnings per share of $0.19.

Headline financials

Total Revenue

$571M

Previous: $443M+28.8%
EPS (adj)

$0.19

Previous: -$0.44+143.2%
Active clients

4.2M

Previous: 3.5M+19.0%
Net revenue per active client

$505.00

Previous: $486.00+3.9%
Capital Expenditures

$11.6M

Previous: $11.6M+0.1%
Free Cash Flow

$7.82M

Previous: $51.8M-84.9%
Net Income

$21.5M

Previous: -$44.5M+148.4%
Operating Income

$20.7M

Previous: -$14.3M+245.4%
Gross Profit

$265M

Previous: $199M+33.3%
Cash & Equivalents

$130M

Previous: $143M-9.5%
Total Assets

$819M

Previous: $769M+6.5%
Stock-Based Comp

$27.2M

Previous: $20.1M+35.7%

Revenue & EPS history

Stitch Fix · Revenue · Quarterly

$571M

Q4 2021+28.8%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Stitch Fix provided financial outlook for the first quarter and full fiscal year 2022.

Tailwinds

  • Q1 2022 Net Revenue: $560 million - $575 million
  • Q1 2022 YoY growth: 14.0% - 17.0%
  • Q1 2022 Adjusted EBITDA: $15 million - $20 million
  • Q1 2022 Adjusted EBITDA margin: 2.7% - 3.5%
  • FY 2022 Net Revenue growth: > 15.0%

Headwinds

  • FY 2022 Adjusted EBITDA margin: > 2.0%
  • Uncertainties related to the ongoing COVID-19 pandemic
  • Risks related to supply chain and sourcing of materials
  • Risks related to international operations
  • Ability to generate sufficient net revenue to offset costs

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 Q4 2021

Historical avgQ4 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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