Stitch Fix reports Q1 EPS (5c), two estimates (4c)

Reports Q1 revenue $342.1M, consensus $336.7M. “Q1 was a strong start to the fiscal year-we accelerated year-over-year revenue growth to 7.3% and captured considerable market share gains,” said Matt Baer, CEO, Stitch Fix (SFIX). “As a result of the successful execution of our transformation strategy, we are increasingly becoming the retailer of choice for more of our clients’ apparel and accessories needs. We are doing this by leveraging the latest in GenAI technology, the expertise of our human Stylists, and our assortment of leading brands to deliver the most client-centric and personalized shopping experience.”