Q4 2024 Stitch Fix Inc Earnings Call Transcript
Key Points
- Stitch Fix Inc (SFIX) delivered results at the high end of their guidance on both the top and bottom line for Q4 FY24.
- The company reported expanded gross margins in FY24 and positive adjusted EBITDA for the last seven quarters.
- Stitch Fix Inc (SFIX) has $247 million in cash, cash equivalents, and investments with no debt.
- The company has successfully implemented cost-saving measures, resulting in over $100 million of SG&A savings in FY24.
- Stitch Fix Inc (SFIX) is investing in AI and data science to enhance their client experience and operational efficiency.
- FY24 net revenue was $1.34 billion, down 16% year over year.
- The company ended the year with approximately 2,508,000 active clients, a decrease of 20% year over year.
- Q4 net revenue was $319.6 million, down 12% year over year or down 18% year over year on a 52-week basis.
- Revenue per active client grew only 5% year over year, indicating slow growth in client spending.
- The company does not expect to return to revenue growth until the end of FY26, which is later than anticipated by analysts.
Good afternoon and thank you for standing by. Welcome to the fourth-quarter fiscal year 2024 Stitch Fix earnings call. (Operator Instructions)
Please be advised that today's conference is being recorded.
I would now like to hand the call over to Hayden Blair.
Good afternoon and thank you for joining us today for the Stitch Fix fourth-quarter fiscal 2024 earnings call. With me on the call are Matt Baer, Chief Executive Officer; and David Aufderhaar, Chief Financial Officer.
We have posted complete fourth-quarter 2024 financial results in a press release on the Quarterly Results section of our website, investors.stitchfix.com. A link to the webcast of today's conference call can also be found on our site.
We would like to remind everyone that we will be making forward-looking statements on this call, which involve risks and uncertainties. Actual results could differ materially from those contemplated by our forward-looking statements. Reported
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
