Stitch Fix FY23 Active Clients 3.297M, Down 13% YoY; Net Revenue Per Active Client $497, Down 9%
Portfolio Pulse from Benzinga Newsdesk
Stitch Fix's FY23 active clients have decreased by 13% YoY to 3.297M. Additionally, the net revenue per active client has also dropped by 9% to $497.
September 18, 2023 | 8:10 pm
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NEGATIVE IMPACT
Stitch Fix has reported a decrease in both active clients and net revenue per active client for FY23, indicating a potential decline in business performance.
The decrease in active clients and net revenue per client suggests that Stitch Fix may be facing challenges in maintaining its customer base and revenue stream. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100