Stitch Fix(SFIX)
Search documents
Stitch Fix(SFIX) - 2020 Q4 - Annual Report
2020-09-25 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 1, 2020 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 (State or other jurisdiction of incorporation or ...
Stitch Fix(SFIX) - 2020 Q4 - Earnings Call Transcript
2020-09-23 01:37
Stitch Fix, Inc. (NASDAQ:SFIX) Q4 2020 Results Conference Call September 22, 2020 5:00 PM ET Company Participants David Pearce - VP of IR Katrina Lake - Founder, CEO & Director Elizabeth Spaulding - President Mike Smith - President, COO & Interim CFO Conference Call Participants Edward Yruma - KeyBanc Capital Markets Ross Sandler - Barclays Mark Mahaney - RBC Erinn Murphy - Piper Sandler Heath Terry - Goldman Sachs Cory Carpenter - JPMorgan Youssef Squali - Truist Securities Kunal Madhukar - Deutsche Bank ...
Stitch Fix(SFIX) - 2020 Q3 - Quarterly Report
2020-06-09 20:20
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 May 2, 2020 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 | | --- | --- | --- | | (S ...
Stitch Fix(SFIX) - 2020 Q3 - Earnings Call Presentation
2020-06-09 17:06
STITCH FIX June 2020 SAFE HARBOR STATEMENT This presentation is provided for informational purposes only and should not be construed as an offer, commitment, promise or obligation on behalf of Stitch Fix, Inc. ("Sti fix" or the "Company") to sell securities or deliver any products, services, functionalities or other features. This presentation contains forward-looking statements within meaning of the federal securities laws. All statements of historical fact could be deemed forward looking, including but no ...
Stitch Fix(SFIX) - 2020 Q3 - Earnings Call Transcript
2020-06-09 03:39
Stitch Fix, Inc. (NASDAQ:SFIX) Q3 2020 Earnings Conference Call June 8, 2020 5:00 PM ET Company Participants David Pearce - VP of IR Katrina Lake - Founder and CEO Elizabeth Spaulding - President Mike Smith - President, COO and Interim CFO Conference Call Participants Edward Yruma - KeyBanc Capital Markets Ross Sandler - Barclays Mark Mahaney - RBC Heath Terry - Goldman Sachs Cory Carpenter - JPMorgan Youssef Squali - SunTrust Erinn Murphy - Piper Sandler Ike Boruchow - Wells Fargo Dana Telsey - Telsey Advi ...
Stitch Fix(SFIX) - 2020 Q2 - Quarterly Report
2020-03-10 20:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☐ 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 | | --- | --- | --- | | (State or other jurisdiction of incorporation or | | (I.R.S. Employer | | organization) | | Identification No.) | | 1 Montgomery Street | ...
Stitch Fix(SFIX) - 2020 Q2 - Earnings Call Presentation
2020-03-10 16:36
STITCH FIX March 2020 SAFE HARBOR STATEMENT This presentation is provided for informational purposes only and should not be construed as an offer, commitment, promise or obligation on behalf of Stitch Fix, Inc. ("Sti fix" or the "Company") to sell securities or deliver any products, services, functionalities or other features. This presentation contains forward-looking statements within meaning of the federal securities laws. All statements of historical fact could be deemed forward looking, including but n ...
Stitch Fix(SFIX) - 2020 Q2 - Earnings Call Transcript
2020-03-10 01:58
Financial Data and Key Metrics Changes - In Q2 2020, the company generated net revenue of $452 million, reflecting a 22% year-over-year growth, in line with guidance [11] - Net income for the quarter was $11.4 million, with adjusted EBITDA at $14.3 million, at the high end of guidance [11][49] - Active client count grew to 3.5 million, an increase of 504,000 clients or 17% year-over-year [12][46] - Net revenue per active client increased by 8% year-over-year, marking the seventh consecutive quarter of growth [12][46] - Q2 gross margin was 44.8%, a 70 basis points increase from the previous year, driven by improvements in merchandise costs and operational efficiencies [48] Business Line Data and Key Metrics Changes - Women's category continues to represent a large majority of the business, with year-over-year growth in both active clients and revenue every quarter on record [15] - Men's category has quadrupled in revenue and gross margins increased by over 1,500 basis points from fiscal 2017 to fiscal 2019 [22] - The Kids category is still in early stages but has shown promising performance with new offerings introduced [24][25] Market Data and Key Metrics Changes - UK revenue has been lower than anticipated due to macroeconomic challenges related to Brexit [38] - The company is adapting its offerings in the UK market, which has sustained longer than expected [70] Company Strategy and Development Direction - The company aims to leverage cash flows from existing offerings to invest in newer categories, including Kids and UK expansion [13][51] - Direct buy platform is seen as a key growth driver, enhancing client engagement and market opportunities [26][41] - The strategy includes expanding the assortment for Plus-size offerings, which represents a significant market opportunity [17] Management's Comments on Operating Environment and Future Outlook - Management expressed a more conservative outlook for the second half of 2020 due to heightened promotional activity and lower average order values [35][36] - The impact of the coronavirus is being monitored closely, although no material impact has been observed to date [39][40] - The company remains optimistic about future growth, particularly in direct buy and international markets [41] Other Important Information - The company plans to lower overall marketing spend through the end of fiscal 2020 while focusing on product innovation and new channels [37] - Self-funded investments in UK expansion and stock-based compensation are expected to total $100 million to $110 million for fiscal 2020 [53] Q&A Session Summary Question: What are the supply chain disruptions and demand impacts related to the coronavirus? - Management acknowledged potential supply chain impacts but did not have exact numbers at the time, while demand has not been materially affected yet [62][65] Question: What opportunities exist for innovation in direct buy? - Management indicated that direct buy is still in early stages and optimization is ongoing, with potential for broader customer engagement [68][72] Question: How is the promotional environment affecting guidance? - Management noted that the promotional environment during the holiday season impacted average order values, leading to a more conservative outlook [129] Question: What are the implications of the UK market challenges? - Management is still optimistic about the UK market and is learning from operational challenges to improve offerings [104][70] Question: How is the company addressing marketing spend in the second half? - Management plans to modestly lower marketing spend while focusing on evolving product messaging to incorporate direct buy [121][120]
Stitch Fix(SFIX) - 2020 Q1 - Quarterly Report
2019-12-10 21:20
For the quarterly period ended November 2, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 (Mark One) (415) 882-7765 Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | | --- | --- | --- | | Class A common stock, par value $0.00002 per sha ...
Stitch Fix(SFIX) - 2020 Q1 - Earnings Call Presentation
2019-12-10 14:07
STITCH FIX December 2019 SAFE HARBOR STATEMENT This presentation and webcast contain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward looking, including but not limited to statements regarding our future financial performance, including our guidance on financial results for the second quarter and full year of fiscal 2020; narket trends, growth, and opportunity; profitability; competition; the timing ...