Gross MarginsStitch Fix's GMs were above 45% in fiscal 3Q24 for the first time since 2Q22, benefiting from efforts to diversify carriers and leverage AI in merchandising.
Platform HealthThere are signs that the health of the platform is starting to improve, following efforts over the last year to resharpen the core Fix experience, focus on key competencies of personalization and styling, and improve unit economics.
Revenue GrowthManagement sees a path to return to revenue growth even without substantial net new customer expansion in the near term, as it has identified a meaningful opportunity to increase wallet share with existing clients.