Stitch Fix Q3 2026 Results and FY2026 Outlook
Stitch Fix Inc. (NASDAQ:SFIX) reported third‑quarter 2026 results that beat analyst expectations, prompting the stock to climb 9.3 % in trading.
The quarter ended May 2, 2026, posted a loss of $0.01 per share, improving on the consensus estimate of a $0.05 loss per share. Revenue for the quarter was $340.3 million, exceeding the $332.56 million forecast and representing a 4.7 % increase year‑over‑year from $325.0 million in the comparable period of the prior year. Adjusted EBITDA amounted to $13.2 million, delivering a margin of 3.9 %. Gross margin was 43.7 %, down 50 basis points from the prior year. Net revenue per active client rose 6.6 % year‑over‑year to $578.
Active clients grew sequentially to 2.309 million, a 0.9 % increase from the previous quarter. CEO Matt Baer said the company delivered “another strong quarter” and highlighted the fifth consecutive quarter of year‑over‑year revenue growth on an adjusted basis, as well as the milestone of sequential client growth.
Guidance for the fourth quarter of fiscal 2026 projects revenue of $322 million to $327 million, with a midpoint of $324.5 million, slightly above the analyst consensus of $323.67 million. Adjusted EBITDA for the quarter is expected to be between $7 million and $10 million.
For the full fiscal year 2026, Stitch Fix raised its revenue outlook to a range of $1.346 billion to $1.351 billion, compared with the consensus estimate of $1.34 billion. The midpoint of $1.349 billion reflects approximately 6.4 % year‑over‑year growth. Full‑year adjusted EBITDA is now projected at $49 million to $52 million.