Stitch Fix reports Q3 EPS (6c), consensus (11c)

Reports Q3 revenue $325.02M, consensus $314.34M. Reports active clients of 2.35M, a decrease of 18,000, or 0.8%, quarter-over-quarter; and a decrease of 280,000, or 10.6%, year-over-year. Reports net revenue per active client of $542, an increase of 3.2% year-over-year. “Stitch Fix (SFIX) delivered strong third quarter results, marked by our overall return to year-over-year revenue growth,” said Matt Baer, CEO, Stitch Fix. “Our performance, which exceeded expectations, is the direct result of the strength of the Stitch Fix value proposition and the team’s disciplined execution of our strategy. Now in the growth phase of our transformation, we are focused on cementing our role as the retailer of choice for apparel and accessories by consistently delivering the most client-centric and personalized shopping experience.”