Overview

• Online personal styling firm's fiscal Q3 revenue rose 4.7% yr/yr, beating analyst expectations

• Adjusted EBITDA for fiscal Q3 beat consensus

• Company repurchased 4.5 mln shares for $15.1 mln

Outlook

• Stitch Fix sees Q4 net revenue of $322 mln to $327 mln

• Company expects fiscal 2026 net revenue of $1.346 bln to $1.351 bln

• Stitch Fix expects fiscal 2026 gross margin between 43% and 44%

Result Drivers

• CLIENT EXPERIENCE AND ASSORTMENT - Co said improvements to client experience and product assortment contributed to results

• ACTIVE CLIENTS - Co reported sequential growth in active clients, though the total was down yr/yr

• HIGHER REVENUE PER CLIENT - Net revenue per active client rose 6.6% yr/yr

Company press release: ID:nBw69tKtNa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$340.27 mln	$331.43 mln (5 Analysts)
Q3 EPS		-$0.01
Q3 Net Income		-$1.52 mln
Q3 Adjusted EBITDA	Beat	$13.23 mln	$9.24 mln (5 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Stitch Fix Inc is $5.00, about 38.1% above its June 9 closing price of $3.62

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