Stitch Fix (NASDAQ: SFIX) reported a 0.7% increase in fiscal third-quarter revenue to $325 million, although active clients dropped 10.6% year-over-year and 0.8% quarter-over-quarter. Total revenue for the first nine months of the fiscal year decreased from $1.06 billion to $956 million.
For fiscal year 2025, Stitch Fix projects net revenue between $1.245 billion and $1.26 billion, reflecting a decline of 5.9% to 6.2% from the previous year. Despite improvements in net loss from $92.34 million to $20.16 million compared to the same period last year, the company’s long-term growth remains uncertain due to the continuous decline in its customer base.
The subscription service’s stock has decreased by 82% over the past five years, contrasting with nearly 98% gains in the S&P 500. Analysts predict ongoing losses, with earnings expected to remain negative through fiscal 2027.
