Stitch Fix (SFIX) Shares Surged 15% After Hours Following Q4 Beat

Stitch Fix (NASDAQ: SFIX) shares were trading around 15% higher after-hours Tuesday following Q4 results, with EPS coming in at $0.19, better than the consensus estimate of ($0.13).

The company’s revenue grew 29% year-over-year to $571.2 million (vs. consensus of $547.89 million), crossing $2 billion in annual revenue for the first time. These results reflect strong performance across the business, driven by momentum in Women’s Fix, outsized growth in Kids and the UK, and continued acceleration in the company’s Freestyle channel.

The number of active clients grew 18% year-over-year to 4,165,000.

The company expects Q1/22 revenue to range from $560 to $575 million, versus the Street estimate of $591 million. They see Adjusted EBITDA of $15-$20 million for the quarter.

In addition to earnings and guidance, the company announced the launch of Stitch Fix Freestyle - a differentiated shopping experience, where anyone can discover and instantly buy items that are thoughtfully curated for them based on their personal style preferences, fit and size. This will allow anyone to purchase items directly from Stitch Fix without ordering a Fix first.

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