EarningsStitch Fix shares are pushing higher post-market following a better-than-planned fiscal Q2 print and raise of annual guidance.
Financial PerformanceQ1 revenue beat Street expectations by 4%, and continued cost discipline reflected in adj. EBITDA of 13.5m, near double Street expectations.
Operational ImprovementsThe company's turnaround efforts are starting to bear fruit, with management attributing this outperformance to its efforts to improve the quality and freshness of its inventory and implement more personalized marketing and engagement tactics.