Earnings release
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STITCH FIX ™ Stitch Fix Announces Second Quarter Fiscal Year 2021 Financial Results SAN FRANCISCO , March 8 , 2021 ( GLOBE NEWSWIRE ) -- Stitch Fix , Inc. ( NASDAQ : SFIX ) , the leading online personal styling service , has released its financial results for the second quarter of fiscal year 2021 ended January 30 , 2021 , and posted a letter to its shareholders on its investor relations website . Second quarter highlights Net revenue of $ 504.1 million , an increase of 12 % year over year Active clients of nearly 3.9 million , an increase of 408,000 or 12 % year over year , and 110,000 clients quarter over quarter Net revenue per active client of $ 467 , a decrease of 7 % year over year Net loss of $ 21.0 million and diluted loss per share of $ 0.20 Adjusted EBITDA loss of $ 8.9 million Stitch Fix Founder and CEO Katrina Lake said , “ In Q2 , we delivered $ 504 million in net revenue , reflecting 12 % year - over - year growth , and grew our active client count to nearly 3.9 million , reflecting 12 % year - over - year growth . In our first two quarters we had more net active client additions than in our entire past fiscal year , and we delivered one of our strongest Januarys on record . This level of demand for our model of personalized discovery and radical convenience positions us well to continue to capture share amidst the ongoing shift in the retail landscape , and gives us confidence in our long - term opportunity . The fundamentals of our business are strong , we continue to expand our service in innovative new ways , and we are excited to continue to deliver on our strategy . " Please visit the Stitch Fix investor relations website at https : //investors.stitch fix.com to view the financial results included in the letter to shareholders . The Company intends to continue to make future announcements of material financial and other information through its investor relations website . The Company will also , from time to time , disclose this information through press releases , filings with the Securities and Exchange Commission ( the “ SEC ” ) , conference calls , or webcasts , as required by applicable law . Conference Call and Webcast Information Katrina Lake , Founder and Chief Executive Officer of Stitch Fix , Elizabeth Spaulding , President of Stitch Fix , and Dan Jedda , Chief Financial Officer of Stitch Fix , will host a conference call at 2:00 p.m. Pacific Time today to discuss the Company's financial results and outlook . A live webcast will be accessible on Stitch Fix's investor relations website at investors.stitch fix.com . Interested parties can also access the call by dialing 800-458-4121 in the U.S. or 323-794-2093 internationally , and entering conference code 9716592 . A telephonic replay will be available through Monday , March 15 , 2021 , at 888-203-1112 or 719-457-0820 , passcode 9716592. An archive of the webcast conference call will be available shortly after the call ends at https://investors.stitchfix.com . About Stitch Fix , Inc. Stitch Fix is an online personal styling service that is reinventing the shopping experience by delivering one - to - one personalization to our clients through the combination of data science and human judgment . Stitch Fix was founded in 2011 by CEO Katrina Lake . Since then , we've helped millions of women , men , and kids discover and buy what they love through personalized selections of apparel , shoes , and accessories , curated by Stitch Fix stylists and algorithms . For more information about Stitch Fix , please visit https://www.stitchfix.com .