Core Insights - Stitch Fix's shares initially rose in after-hours trading but fell by 16.6% the following day due to a decline in subscribers despite beating revenue estimates [1][3]. Financial Performance - Revenue for the quarter increased by 4.4% to $311.2 million, surpassing estimates of $307.2 million, marking the second consecutive quarter of year-over-year growth [3]. - Active clients decreased by 7.9% year-over-year to 2.31 million, with a sequential decline as well [4]. - Gross margin fell by 100 basis points to 43.6%, and adjusted EBITDA decreased from $9.5 million to $8.7 million [4]. - The loss per share under GAAP was $0.07, which was better than the consensus estimate of a $0.10 loss [4]. Management Commentary - CEO Matt Baer highlighted fiscal 2025 as a milestone year, noting the second consecutive quarter of revenue growth and market share gains in the U.S. apparel market [5]. - Improvements in client experience and product assortment were also emphasized [5]. Future Outlook - Management expects revenue growth in the fiscal first quarter to be between 4.4% to 6%, translating to $333 million to $338 million, which exceeds estimates of $315.6 million [6]. - For the full year, revenue growth is projected to be between 1% to 5% [6]. - Despite the positive outlook, growth in the low to mid-single digits may not be sufficient to revitalize the brand, leading to potential ongoing struggles for the stock [8].