Stitch Fix says assuming some headwinds in the back half of this year

Says has seen robust demand so far this quarter. Says holiday performance has been strong with record freestyle sales for the Black Friday to Cyber Monday period. Says increasing full year guide to take into account the positive trends the company is seeing in the business. Says expects to be free cash flow positive for the full year. Says really encouraged with the revenue trends seen in its business so far this year. Says given the current trends in consumer confidence and the impact of inflation on discretionary spending, the company thinks it’s prudent to assume some headwinds in the back half of this year. Says believes methodical approach to rebuilding active client base is working. Says expects active client year-over-year growth rates to continue to improve in Q2. Says remains on track to deliver a sequential increase in net adds in Q3. Comments taken from Q1 earnings conference call.