Stitch Fix’s Q1 FY24 saw a decrease in net revenue to $364.8 million, down 18 per cent year-over-year.
The company reported a net loss from continuing operations at $26.2 million, leading to a diluted loss per share of $0.22.
Despite these challenges, adjusted EBITDA from continuing operations reached $8.6 million, surpassing their initial projections.Stitch Fix’s Q1 FY24 saw a decrease in net revenue to $364.8 million, down 18 per cent year-over-year.
The company reported a net loss from continuing operations at $26.2 million, leading to a diluted loss per share of $0.22.
Despite these challenges, adjusted EBITDA from continuing operations reached $8.6 million, surpassing their initial projections.
