Overview

• Stitch Fix reported a fiscal fourth-quarter net loss of $36.5 million, widening from $28.7 million a year ago.
• Revenue for the quarter fell 12.4% year-over-year to $319.6 million, missing analyst expectations.
• Company executives have slashed sales guidance for the upcoming fiscal year, projecting revenue between $1.1 billion and $1.16 billion, below analyst estimates of $1.31 billion.
• Active subscribers dropped nearly 20% year-over-year to just over 2.5 million, reflecting ongoing challenges in customer retention.
• CEO Matt Baer outlined a transformation strategy focusing on AI-driven personalization and operational efficiency, with hopes to return to revenue growth by fiscal 2026.