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SFIXBearishEarningsnews
High materiality7/10

Stitch Fix Q4 Misses Revenue; 2027 Guidance Below Analysts' View

Sep 23, 2026, 4:53 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Miss on revenue and below-consensus FY2027 guidance, plus a shrinking active client base, pressured sentiment and caused a sharp after-hours drop, typical of near-term downside risk for growth names with modest margin support.

AI summary

What happened, with direct paths to the underlying reporting

Stitch Fix reported Q4 and full-year 2026 results with a modest earnings beat but revenue short of expectations and FY2027 guidance below consensus. Active clients declined while per-client spend rose, keeping gross margin flat at 43.6%. The stock slid about 18% after hours, underscoring near-term investor concern around growth pace and the new guidance.

  • Q4 EPS -$0.02 vs -$0.06 est; revenue $324.42M vs $325.5M est.
  • Active clients 2.277M, down 1.4% QoQ and YoY.
  • Fiscal 2027 revenue guide $1.31–$1.36B vs $1.41B est.
  • Stock down 18.44% to $2.30 after-hours.
  • CEO: 2026 transformative year; stronger operating foundation.

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