Stitch Fix reports Q2 EPS (29c), consensus (20c)

Reports Q2 revenue $330.4M, consensus $330.85M. Reports active clients from continuing operations of 2,805,000, a decrease of 184,000, or 6%, quarter-over-quarter and a decrease of 572,000, or 17%, year-over-year. Net revenue per active client from continuing operations of $515, a decrease of 3% year-over-year. “The original Stitch Fix vision, to create an easier and more enjoyable way for people to shop for clothing and accessories, remains both relevant and compelling,” said Matt Baer, Chief Executive Officer. “Our transformation efforts are grounded in fully realizing that vision and include both strengthening the foundation of our company and reimagining our client experience. I am encouraged by the progress we continue to make and am confident we have the right strategic priorities in place to set us up to drive sustainable, profitable growth.”