NASDAQ$SFIX

Stitch Fix Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2022 financial results.

Stitch Fix reported a decrease in net revenue and active clients for the fourth quarter of 2022, while net revenue per active client increased. The company is focused on navigating the macroeconomic environment and returning to profitability.

  • Net revenue was $481.9 million, a decrease of 16% year over year.
  • Active clients totaled 3,795,000, a decrease of 9% year over year.
  • Net revenue per active client (RPAC) was $546, an increase of 8% year over year.
  • Net loss was $96.3 million, with a diluted loss per share of $0.89.

Headline financials

Total Revenue

$482M

Previous: $571M-15.6%
EPS (adj)

-$0.65

Previous: $0.19-442.1%
Active clients

3.8M

Previous: 4.2M-8.9%
Net revenue per active client

$546.00

Previous: $505.00+8.1%
Capital Expenditures

$7.67M

Previous: $11.6M-33.7%
Free Cash Flow

-$46.7M

Previous: $7.82M-697.5%
Net Income

-$96.3M

Previous: $21.5M-548.1%
Operating Income

-$98.6M

Previous: $20.7M-575.4%
Gross Profit

$183M

Previous: $265M-30.9%
Cash & Equivalents

$131M

Previous: $130M+0.9%
Total Assets

$765M

Previous: $819M-6.7%
Stock-Based Comp

$32.2M

Previous: $27.2M+18.3%

Revenue & EPS history

Stitch Fix · Revenue · Quarterly

$482M

Q4 2022-15.6%vs Q4 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2023, Stitch Fix expects net revenue between $455 million and $465 million, representing a 22% to 20% year-over-year decline. Adjusted EBITDA is projected to be between $(15) million and $(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 Q4 2022

Historical avgQ4 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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