Stitch Fix Ramps up Tech and AI Spending as Full-Year Profits Soften
Dow Jones
Yesterday
Stitch Fix's adjusted Ebitda outlook for fiscal 2027 drops to between $27 million and $42 million, down from $53.4 million in fiscal 2026. The decline reflects strategic investments in advertising and technology, including artificial intelligence, to support long-term growth, the company said. Full-year revenue guidance of $1.31 billion to $1.36 billion implies a potential contraction of up to 2.8%. The company expects gross margin between 43% and 44% and says it will generate positive free cash flow for the full year.
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