Stitch Fix Beats Revenue Expectations, Focuses on AI & Client Recovery

Stitch Fixs latest earnings report shows a revenue surge, beating Wall Streets predictions with $342.1 million, driven by customer engagement, product variety, and AI integration. Both womens and mens clothing segments saw faster growth, aided by popular categories and new brands. However, active clients decreased by 127,000, and adjusted EBITDA fell short of estimates due to transportation costs and lower-margin footwear. Despite these challenges, Stitch Fix raised its full-year revenue forecast to $1.34 billion and EBITDA to $43 million. The company plans to focus on client recovery, AI development, and product expansion, with analysts keenly observing these strategies impact on consumer spending.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.