Key Takeaways SFIX reported record $577 revenues per active client in Q2'26, up 7.4% y/y.AI tools like style assistant and Stitch Fix Vision boost engagement and drive higher spending per order.SFIX expects 5.6% revenues per client growth and projects $1.33-$1.35B in fiscal 2026 revenues.Artificial intelligence (AI) is playing a pivotal role in driving revenue growth for Stitch Fix (SFIX) , particularly in boosting revenues per active client. The company’s recent performance reflects how deeply integrated d ...

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing its offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing its extensive coverage and growth in the transcript market [1] - There is an ongoing effort to expand coverage, suggesting a strategic initiative to capture more market share and improve service offerings [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38291 STITCH FIX, INC. (Exact name of registrant as specified in its charter) Delaware 27-5026540 (I.R.S. Employer Identifica ...

Core Insights - Stitch Fix, Inc. (SFIX) reported second-quarter fiscal 2026 results that exceeded both top and bottom line estimates, with year-over-year growth in both metrics [1][4] Financial Performance - The company reported an adjusted loss of 2 cents per share, better than the Zacks Consensus Estimate of a 5-cent loss, and narrower than the 5-cent loss from the previous year [4][11] - Net revenues reached $341.3 million, surpassing the Zacks Consensus Estimate of $339 million, and reflecting a 9.4% increase from the year-ago quarter [4][11] - The number of active clients was 2,288,000, a decline of 3.5% year-over-year, while the average net revenues per active client (RPAC) increased by 7.4% to $577, marking the highest RPAC since the company went public [5][6][11] Operational Highlights - The average order value (AOV) increased by 9.8% year-over-year, driven by a 7.7% rise in average unit retail, marking six consecutive quarters of growth [7] - Category performance showed significant growth, with outerwear up 26%, denim up 17%, activewear and athleisure combined up 37%, special-occasion styles up 46%, footwear up 33%, and accessories up 51% [8] Margins and Expenses - Gross profit increased by 7.3% to $148.9 million, but gross margin decreased by 90 basis points to 43.6% [9] - Selling, general and administrative expenses (SG&A) rose by 3.9% to $153.7 million, with SG&A as a percentage of net revenues decreasing to 45% [10] Future Outlook - For fiscal 2026, Stitch Fix raised its revenue guidance to between $1.33 billion and $1.35 billion, indicating year-over-year growth of 5-6.5% [19] - The company expects adjusted EBITDA to be between $42 million and $50 million, with a margin of 3.2-3.7% [19] - The fiscal third quarter is projected to have net revenues of $330-$335 million, reflecting year-over-year growth of 1.5-3.1% [16]

分组1 - The article discusses the Q2 2026 financial results of Stitch Fix, an online clothing retailer, highlighting the company's performance after the market close on March [1] - The author emphasizes the belief in the efficiency of financial markets and the potential for profit in less-followed stocks or those mispriced in their markets [1] 分组2 - No relevant content available for this section [2][3]

Revenue growth of 9.4% was driven by a 9.8% increase in Fix average order value, reflecting the successful adoption of larger Fix formats and a more premium assortment. Management attributed market share gains to a 'high-touch' approach in the Fix channel, where double-digit growth in both men's and women's segments outperformed the broader U.S. apparel market contraction. The company identified a $1 billion incremental revenue opportunity within its existing client base by expanding into high-demand ...

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2026 was $341.3 million, representing a 9.4% year-over-year growth, exceeding expectations [6][19] - Revenue per active client reached $577, marking a 7.4% year-over-year increase and the highest reported as a public company [20] - Adjusted EBITDA was $15.9 million, or 4.7% of revenue, outperforming expectations [7][22] - Gross margin was 43.6%, slightly above the midpoint of the FY 2026 range [20] Business Line Data and Key Metrics Changes - The Fix channel was the primary driver of growth, with a nearly 10% year-over-year increase in Fix average order value [8][9] - Women's and men's Fix businesses both grew in double digits, contributing to overall performance [8] - The average unit retail (AUR) increased by 7.7% year-over-year, reflecting a more compelling assortment [9] Market Data and Key Metrics Changes - Stitch Fix outperformed the broader U.S. apparel and accessories market, which contracted by 0.5% during the same period [8] - Activewear and athleisure categories grew by 37% year-over-year, while footwear and accessories saw growth of 33% and 51% respectively [10][11] Company Strategy and Development Direction - The company is focused on enhancing client experience through technology and AI, which is seen as a competitive advantage [15][16] - Strategic category expansion and improved assortment are key components of the transformation strategy [5][18] - The company aims to capture a significant wallet share opportunity, estimating $1 billion in incremental revenue from existing clients in targeted categories [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to sustain revenue growth despite potential macroeconomic headwinds [24][40] - The company anticipates continued improvement in active client trends and expects positive sequential net active client adds in Q3 [24][31] - Management highlighted the importance of maintaining a balance between growth and profitability as the business scales [18][65] Other Important Information - The company ended Q2 with 2.3 million active clients, in line with expectations [19][12] - Inventory was $122.1 million, reflecting investments in client experience and increased demand [22] Q&A Session Summary Question: Insights on current consumer behavior and active client growth - Management noted positive performance across all income cohorts and emphasized the quality of the assortment driving AUR performance [28][30] Question: Guidance on active client growth - Management expects sequential client growth in Q3, with a focus on sustainable, profitable client growth [31][50] Question: Context around revenue deceleration and external pressures - Management acknowledged challenging AOV comparisons and macroeconomic factors, including rising gas prices affecting discretionary spending [39][56] Question: Impact of GLP-1 usage on customer engagement - Management highlighted positive results from clients undergoing body transformations, indicating increased engagement and confidence [61][62]

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2026 was $341.3 million, representing a 9.4% year-over-year growth, exceeding expectations [6][19] - Revenue per active client reached $577, up 7.4% year-over-year, marking the highest reported since the company went public [20] - Adjusted EBITDA was $15.9 million, or 4.7% of revenue, outperforming expectations [21] - Gross margin was 43.6%, slightly above the midpoint of the FY26 range [20] Business Line Data and Key Metrics Changes - The Fix channel was the primary driver of revenue growth, with both women's and men's Fix businesses growing in double digits [7][10] - Average order value for Fixes increased nearly 10% year-over-year, marking the tenth consecutive quarter of growth [7] - The adoption of larger Fixes, offering up to eight items, is growing, contributing to higher average unit retail, which increased by 7.7% year-over-year [9] Market Data and Key Metrics Changes - Stitch Fix's 9.4% revenue growth contrasts with a 0.5% contraction in the total U.S. apparel, footwear, and accessories market during the same period [7] - The company continues to gain market share, significantly outperforming the broader market [6] Company Strategy and Development Direction - The company is focused on enhancing client experience through technology and innovation, particularly leveraging AI to improve personalization and engagement [14][17] - Strategic category expansion in activewear, athleisure, footwear, and accessories is expected to unlock significant revenue opportunities, estimated at approximately $1 billion [10][11] - The company aims to maintain a balance between growth and profitability while continuing to optimize its brand mix [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to sustain momentum across various income cohorts, indicating strong consumer performance [28] - The company anticipates continued sequential growth in active clients, with a focus on sustainable and profitable client growth [32] - Management acknowledged potential headwinds from macroeconomic factors, including consumer sentiment and rising gas prices, but remains optimistic about market share gains [55][56] Other Important Information - The company ended Q2 with 2.3 million active clients, in line with expectations, and reported the highest retention rate in nearly four years [12][13] - The introduction of family accounts is seen as a potential growth driver for client acquisition and engagement [12] Q&A Session Summary Question: Insights on current consumer behavior and active client growth - Management noted positive performance across all income cohorts and emphasized the quality of the assortment, with a 50% year-over-year increase in sales from new styles [28][29] - Active client growth is expected to be slightly less than 1% quarter-over-quarter in Q3, with a focus on rebuilding a healthy client base [31] Question: Context around revenue deceleration and external pressures - Management indicated that the deceleration is primarily due to tougher AOV comparisons and a strong holiday season in Q2, with macroeconomic factors also considered [39][54] Question: Assortment and women's business performance - Management confirmed ongoing efforts to improve assortment quality and noted strong revenue growth in the women's Fix business, with significant opportunities remaining [41][42] Question: Repeat customers and wallet share - Management highlighted the importance of serving clients across various use cases, contributing to revenue growth and increased engagement [44][45] Question: Guidance on Q3 active client inflection - Management expressed confidence in sequential improvement in active clients, driven by new acquisitions and re-engaged clients [49][50] Question: Impact of GLP-1 usage on customer engagement - Management reported positive results from clients undergoing body transformations, indicating increased engagement and confidence among these clients [59][60]

1 Safe harbor statement This presentation is provided for informational purposes only and should not be construed as an oer, commitment, promise or obligation on behalf of Stitch Fix, Inc. ("Stitch Fix" or the "Company") to sell securities or deliver any products, services, functionalities or other features. This presentation contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward looking, includin ...

Exhibit 99.1 Stitch Fix Announces Second Quarter of Fiscal 2026 Financial Results SAN FRANCISCO, March 11, 2026 (BUSINESSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced its financial results for the second quarter of fiscal 2026 ended January 31, 2026. "We delivered a strong Q2 with 9.4% revenue growth year over year," said Matt Baer, CEO, Stitch Fix. "Our client experience enhancements, improvements to the quality and breadth of our assortment, and new ...