Stitch Fix Shares Soar After Q4 Earnings Top Estimates

  • Stitch Fix Inc SFIXreported fourth-quarter FY21 sales growth of 29% year-on-year, to $571.16 million, beating the analyst consensus of $547.89 million.
  • Active clients of 4.16 million increased 18% Y/Y. Revenue per active client amounted to $505, a 4% rise Y/Y.
  • Gross profit rose 33.3% Y/Y to $265.4 million, and the margin was 46.5%.
  • The operating margin was 3.6%, and operating income for the quarter was $20.7 million. Adjusted EBITDA surged to $55.4 million.
  • EPS of $0.19 beat the analyst consensus of $(0.13).
  • Stitch Fix held $231 million in cash and equivalents as of July 31, 2021.  
  • Outlook: Stitch Fix sees Q1 net revenue of $560 million - $575 million versus the consensus of $591.56 million.
  • The company expects an adjusted EBITDA of $15 million - $20 million.
  • Stitch Fix anticipates FY22 sales of >15% Y/Y, representing about $2.416 billion, versus the consensus of $2.47 billion.
  • Price action: SFIX shares are trading higher by 12.1% at $39.75 in premarket on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsLong IdeasNewsGuidanceMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!