Stitch Fix reports Q1 EPS (30c), consensus (23c)

Reports Q1 revenue $364.79M, consensus $362.42M. Reports Q1 active clients from continuing operations of 2,99M. Reports Q1 net revenue per active client from continuing operations of $506. “The original vision of Stitch Fix is as powerful, relevant and compelling today as it was when the company was launched, and I am confident that our best days are ahead of us,” said Matt Baer, Chief Executive Officer. “This quarter’s results are encouraging, and I’m pleased with the progress we have made to date. We continue to focus on optimizing the business in the short term while working to reimagine our business and operating model with the goal of delivering sustainable and profitable growth in the future.”