Stitch Fix, Inc. Q2 FY2026 earnings call

Q2 was strong with fourth consecutive quarter of year-over-year revenue growth. Executing transformation strategy. AI features driving client engagement. Optimizing assortment and brand mix. Active client trends improving. Stylist Connect helping strengthen client-stylist relationships

Revenue in Q2 was $341.3 million, up 9.4% year-over-year. Fixed average order value rose 9.8%. Active clients were 2.3 million. Women's and men's fixed businesses grew double digits. Footwear grew 33% year over year, accessories 51%. Revenue from private brands like Market & Spruce, Montgomery Post, 41 Hawthorne, and WeWander up more than 35% year over year

Full-year FY26 revenue expected $1.33 - $1.35 billion. Adjusted EBITDA $42 - $50 million. Q3 revenue $330 - $335 million. Adjusted EBITDA $7 - $10 million. Tightened H2 revenue guidance reflecting potential headwinds but optimistic about AOV improvement and active client growth

Risks include macro environment impacting consumer spending, seasonality affecting active client growth, and comparison base changes

Q: Dana Tesley asked about consumer view, AUR from existing vs new brands, and active client growth.

A: Matt and David responded.

Q: Dylan Cardin asked about revenue deceleration and assortment in women's business.

A: Matt responded.

Q: Jessica Tian asked about H2 EBITDA guide and active client sequential inflection.

A: David responded.

Q: David Bellinger asked about Q3 guidance deceleration and GLP-1 impact.

A: David and Matt responded