Return to Year-over-Year Revenue Growth
Q3 revenue reached $325 million, marking a return to year-over-year growth with a 0.7% increase. Adjusted EBITDA was $11 million.
Growth in Women's and Men's Business Segments
Women's business and overall Fix channel returned to revenue growth. Men's business and Freestyle channel revenue also grew for the second consecutive quarter.
Improvement in Average Order Value
AOV grew 10% year-over-year, marking the seventh consecutive quarter of AOV growth, driven by larger fixes and improved assortment strategy.
Increased Client Engagement and New Client Growth
For the second consecutive quarter, there was year-over-year new client growth, and the number of active clients on recurring shipments increased for three straight quarters.
Strong Performance in Athleisure and Footwear
Athleisure was up over 30% year-over-year, and sneakers saw a 35% increase, contributing to higher Fix AOVs and growth in Freestyle channel.