Welcome to our dedicated page for Stitch Fix news (Ticker: SFIX), a resource for investors and traders seeking the latest updates and insights on Stitch Fix stock.
Stitch Fix (SFIX) combines data-driven fashion curation with human styling expertise, redefining personalized retail. This news hub provides investors and industry observers with essential updates on the company's operational developments, financial performance, and market positioning.
Access all official press releases and third-party analysis in one centralized location, including earnings announcements, strategic partnerships, product expansions, and leadership updates. Our curated collection eliminates the need to track multiple sources, offering structured access to both quarterly results and transformative business initiatives.
Key focus areas include innovation in AI-driven styling algorithms, inventory management strategies, and customer experience enhancements. The resource is particularly valuable for monitoring how SFIX navigates evolving consumer preferences in the competitive personalized fashion sector.
Bookmark this page for streamlined access to SFIX's latest developments. Combine these updates with fundamental analysis tools to maintain informed perspectives on this hybrid fashion-tech innovator.
Stitch Fix (NASDAQ: SFIX) announced its Q3 fiscal 2024 results ended April 27, 2024. The company reported $322.7 million in net revenue, down 16% year-over-year, and a net loss of $22 million. Active clients decreased by 6% quarter-over-quarter to 2,633,000, but revenue per active client increased 2% to $525. Gross margin improved by 280 basis points to 45.5%. Adjusted EBITDA was $6.7 million, reflecting effective cost management. Free cash flow was $18.9 million, with $244.5 million in cash and no debt. For Q4 fiscal 2024, projected revenue is $312-$322 million and adjusted EBITDA is $5-$10 million. Fiscal year 2024 projections include $1.33-$1.34 billion in revenue and $25-$30 million in adjusted EBITDA. A non-cash impairment charge of $15-$20 million for its San Francisco headquarters is expected in Q4.
Stitch Fix (NASDAQ: SFIX) announced it will release its third quarter fiscal year 2024 financial results on June 4, 2024, after market close. The period ended on April 27, 2024. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET the same day, hosted by CEO Matt Baer and CFO David Aufderhaar, to discuss the results and outlook. The live webcast will be accessible on the Stitch Fix investor relations website. Phone participants must register to obtain access details. A replay of the webcast will be available for a time.
Stitch Fix (NASDAQ:SFIX) announced on May 17, 2024, the granting of restricted stock units (RSUs) to a new employee, effective May 15, 2024. The RSU grant covers 118,722 shares of the company's Class A common stock. One-fourth of the RSUs will vest on June 12, 2024, with the remaining shares vesting in three equal quarterly installments. The grant is part of Stitch Fix's Amended and Restated 2019 Inducement Plan, aimed at attracting new talent. The plan was approved by the company's board of directors in April 2022 under Nasdaq's Rule 5635(c)(4).
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