SFIX

EX-99.1

2 exhibit991-fy26.htm

EX-99.1

Document

Exhibit 99.1

Stitch Fix Announces Fourth Quarter and Full Fiscal Year 2026 Financial Results

SAN FRANCISCO, September 23, 2026 (BUSINESSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced its financial results for the fourth quarter and full fiscal year 2026 ended August 1, 2026.

“Fiscal 2026 was a transformative year for Stitch Fix. We closed the year as a significantly healthier business, with a strengthened operating foundation, along with a reimagined client experience and more compelling assortment,” said Matt Baer, CEO, Stitch Fix. “Full-year revenue grew 6.4% year-over-year and we continued to gain share in the U.S. apparel, footwear and accessories market. We remain confident in our transformation strategy and ability to advance our efforts to deliver the most personalized and client-centric shopping experience as we navigate a challenging consumer environment.”

Fourth Quarter Fiscal 2026 Key Metrics and Financial Highlights

•Net revenue of $324.4 million, an increase of 4.2% year-over-year.

•Active clients of 2.277 million, a decrease of 1.4% quarter-over-quarter and a decrease of 1.4% year-over-year.

•Net revenue per active client of $592, an increase of 7.8% year-over-year.

•Gross margin of 43.6%, flat year-over-year.

•Net loss of $2.1 million and net loss margin of 0.6%; diluted loss per share of $0.02.

•Adjusted EBITDA of $10.8 million and Adjusted EBITDA margin of 3.3%.

•Net cash provided by operating activities of $9.1 million and free cash flow of $4.4 million.

•Repurchased 2.7 million shares of Class A common stock for $11.3 million.

Full Fiscal 2026 Key Metrics and Financial Highlights

•Net revenue of $1,348.1 million, an increase of 6.4% year-over-year.

•Gross profit of $588.5 million, an increase of 4.5% year-over-year and gross margin of 43.7%, a decrease of 70 basis points year-over-year.

•Net loss of $12.6 million and net loss margin of 0.9%; diluted loss per share of $0.09.

•Adjusted EBITDA of $53.4 million and Adjusted EBITDA margin of 4.0%.

•Net cash provided by operating activities of $39.1 million and free cash flow of $19.8 million.

•Cash, cash equivalents, and investments of $220.9 million; and no debt.

Financial Outlook

Stitch Fix’s revenue outlook for fiscal year 2027 reflects a more challenging consumer environment and a lower active client starting point, which we expect will temper revenue growth. In addition, Stitch Fix’s revenue outlook for the first quarter of fiscal 2027 was impacted by a reduction in Fix volume due to two primary factors: (1) a decision to adjust the timing of some Fix shipments in the fourth quarter, which shifted Fix volume from the first quarter of fiscal 2027 into the fourth quarter of fiscal 2026, and (2) an unintended change made to the post-checkout offer flow in August that limited the number of clients eligible to request another Fix, which has been corrected and will not affect results beyond the first quarter.

Stitch Fix’s adjusted EBITDA outlook for fiscal year 2027 reflects strategic investments in advertising and technology, including artificial intelligence, to support long-term growth.

Stitch Fix’s financial outlook for the first quarter of fiscal 2027, ending October 31, 2026, is as follows:

Q1 2027

Net Revenue $323 million - $328 million(5.6)% - (4.1)% YoY

Adjusted EBITDA $3 million - $6 million0.9% - 1.8% margin

1

Stitch Fix’s financial outlook for fiscal year 2027 is as follows:

Fiscal Year 2027

Net Revenue $1.310 billion - $1.360 billion(2.8)% - 0.9% YoY

Adjusted EBITDA $27 million - $42 million2.1% - 3.1% margin

Stitch Fix expects its full fiscal year 2027 gross margin to be between 43% and 44%. Stitch Fix also expects to generate positive free cash flow for the full year.

Stitch Fix’s fiscal year is a 52- or 53-week period ending on the Saturday closest to July 31. Fiscal years 2025 and 2026 are 52-week years.

Stitch Fix has not reconciled its Adjusted EBITDA outlook to GAAP net income (loss) or free cash flow outlook to net cash flows used in operating activities from continuing operations because it does not provide an outlook for GAAP net income (loss) or net cash flows used in operating activities from continuing operations due to the uncertainty and potential variability of restructuring and other one-time costs, net other income (expense), provision for income taxes, stock-based compensation expense, or net cash flows used in operating activities from continuing operations, which are reconciling items between the non-GAAP financial measure and the corresponding GAAP measure. Because Stitch Fix cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlooks to the corresponding GAAP measures are not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP net income (loss) and free

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sfix-202603110001576942false00015769422026-03-112026-03-1100015769422025-12-042025-12-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 11, 2026

STITCH FIX, INC.

(Exact name of registrant as specified in its charter)

Commission file number: 001-38291

Delaware 27-5026540

(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

1 Montgomery Street, Suite 1500 San Francisco, California 94104 (Address of principal executive offices and zip code) (415) 882-7765 (Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassTrading SymbolName of Each Exchange on Which Registered Class A common stock, par value $0.00002 per shareSFIXNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02    Results of Operations and Financial Condition. On March 11, 2026, Stitch Fix, Inc. (the “Company”) announced its financial results for the second quarter of fiscal 2026 ended January 31, 2026. In the press release, the Company also announced that it would be holding a conference call on March 11, 2026, at 2:00 p.m Pacific Time to discuss its financial results for the second quarter of fiscal 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”) and incorporated by reference herein. The information included in Item 2.02 of this Current Report and the exhibits attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing. Item 9.01    Financial Statements and Exhibits. (d)    Exhibits. The following exhibits are provided as part of this Report:

Exhibit No.Description 99.1Earnings Press Release dated March 11, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Stitch Fix, Inc.

Dated:March 11, 2026 By:/s/ David Aufderhaar David Aufderhaar Chief Financial Officer