Stitch Fix (SFIX) reported earnings on Thur 7 June 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

Stitch Fix beats by $0.06, beats on revs; guides Q4 revs in-line; slightly raises FY18 revs outlook, narrows adj EBITDA guidance 

• Reports Q3 (Apr) earnings of $0.09 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.03; revenues rose 29.2% year/year to $316.7 mln vs the $306.67 mln Capital IQ Consensus.
• Grew active clients to 2.7 million as of April 28, 2018, an increase of 614,000 and 29.6% year over year.
• Co issues in-line guidance for Q4, sees Q4 revs of $310-320 mln vs. $314.81 mln Capital IQ Consensus Estimate.
  • Also sees adj EBITDA of $6-11 mln
• Co slightly raises FY18 rev guidance -- now sees revs of $1.22-1.23 bln (from $1.19-1.22 bln) vs. $1.21 bln Capital IQ Consensus Estimate. Narrows adj EBITDA guidance to $48-53 mln from $45-55 mln
• Also names Deirdre Findlay as Chief Marketing Officer

Stitch Fix names Deirdre Findlay as Chief Marketing Officer 
Findlay most recently served as Senior Director of Global Hardware Marketing at Google (GOOG), where she oversaw marketing for Google's home hardware products, including Google Home, Chromecast, and Google Wifi. Findlay has nearly 20 years of experience leading cross-departmental teams, delivering strategic integrated marketing campaigns, and building brand strategy at organizations like Google and eBay (EBAY), as well as for Whirlpool Brands (WHR), Allstate Insurance (ALL), MillerCoors, and Kaiser Permanente while serving as SVP at leading digital marketing agency Digitas.