For the end of the 2015 fiscal year closer to July 31, 2025, the company anticipates net income between $ 1,225 billion and $ 1,240 billion, marking an year -on -year decrease of 8.4 percent to 7.3 percent, or 6.9 percent to 5.8 percent when the additional week is adjusted in prosecutor 2024.
Stitch Fix Inc has projected net income of $ 311– $ 316 million in Q3 Fy25, an year -on -year decrease of 3.6–2.1 percent, with adjusted Ebitda of $ 7– $ 10 million. The income of the fiscal year is expected to be $ 1,225– $ 1,240 billion, minus 8.4–7.3 percent year -on -year. In the second quarter of fiscal year 2015, income fell 5.5 percent to $ 312.1 million, with a net loss of $ 6.6 million. The CEO Matt Baer highlighted the progress in the transformation and experience of the client.
Ebitda adjusted for the year is forecast between $ 40 million and $ 47 million, with a margin of 3.3 percent to 3.8 percent. It is expected that the gross margin for Q3 and Fy25 will remain between 44 percent and 45 percent, while advertising expenses for the full fiscal year are at the upper end of the range previously 8 percent to 9 percent.
Financial description of the second quarter (Q2) Fy25
The company reported net income of $ 312.1 million in the first quarter of fiscal year 2015 that ended on February 1, 2025, reflecting a decrease of 5.5 percent of Yoy. The gross margin improved at 110 basic points (BP) at 44.5 percent, driven by higher average order values and improved product margins.
The company reported a net loss of $ 6.6 million, with a loss diluted per share of $ 0.05 in the second quarter. The adjusted Ebitda stood at $ 15.9 million, with an adjusted EBITDA margin of 5.1 percent, which reflects the continuous cost management efforts. The net cash used in operational activities amounted to $ 16.2 million, while the free cash flow was negative of $ 19.4 million for the quarter. The company ended the quarter with $ 229.8 million in cash, equivalent in cash and investments, without pending debt.
“Our team delivered another strong quarter, once again overcoming our expectations as we advance our transformation strategy,” he said Matt Baer, Executive Director (CEO) at Stitch Fix. “Our clients are responding to the improvements we have made to our experience, including the increase in novelty in our assortment, expanded fixation flexibility and investments in more solid relationships of stylists with customers. We encourage our progress and continue to successfully execute our strategy so that we can realize our vision to be the most centered and personalized purchase shopping experience.
Fiber2Fashion News Desk (SG)
