Company profile

Ticker
SFIX
Exchange
CEO
Katrina Lake
Employees
Incorporated
Location
Fiscal year end
SEC CIK

SFIX stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Sep 20
29 Nov 20
1 Aug 21

News

Quarter (USD) May 20 Feb 20 Nov 19 Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 20 Aug 19 Jul 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Stitch Fix earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.6667 300 11K 0
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.071 9,426 340.01K 300
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.6733 600 22K 0
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.0678 21,626 780K 600
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.6875 200 7.34K 9,557
20 Nov 20 Katrina Lake Class A Common Stock Sell Dispose S Yes 36.0587 4,501 162.3K 9,757
20 Nov 20 Katrina Lake Class A Common Stock Conversion Aquire C No 0 9,726 0 9,726
20 Nov 20 Katrina Lake Class A Common Stock Conversion Aquire C No 0 22,226 0 22,226
20 Nov 20 Katrina Lake Class A Common Stock Conversion Aquire C No 0 4,701 0 14,258
20 Nov 20 Katrina Lake Class B Common Stock Class A Common Stock Conversion Dispose C No 0 9,726 0 325,932
93.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 203 209 -2.9%
Opened positions 43 59 -27.1%
Closed positions 49 28 +75.0%
Increased positions 55 68 -19.1%
Reduced positions 65 50 +30.0%
13F shares
Current Prev Q Change
Total value 4.39B 3.79B +15.7%
Total shares 56.69M 52.91M +7.1%
Total puts 4.46M 3.35M +33.3%
Total calls 4.83M 3.67M +31.4%
Total put/call ratio 0.9 0.9 +1.5%
Largest owners
Shares Value Change
Jackson Square Partners 7.67M $208.16M +2.8%
Baillie Gifford & Co 5M $135.55M +2.0%
Vanguard 4.61M $124.95M +5.9%
BLK BlackRock 3.93M $106.73M +15.6%
MS Morgan Stanley 2.81M $76.16M -17.9%
Miller Value Partners 2.62M $70.96M -0.7%
Slate Path Capital 2.57M $69.59M NEW
Contour Asset Management 2.11M $57.26M +28.6%
Disciplined Growth Investors 2.05M $55.73M -1.5%
BK Bank of New York Mellon 1.33M $36.05M +562.3%
Largest transactions
Shares Bought/sold Change
Slate Path Capital 2.57M +2.57M NEW
BK Bank of New York Mellon 1.33M +1.13M +562.3%
North Peak Capital Management 0 -992.04K EXIT
Coatue Management 0 -937.83K EXIT
Jarislowsky, Fraser 675.33K +675.33K NEW
MS Morgan Stanley 2.81M -612.18K -17.9%
State Of Michigan Retirement System 601K +601K NEW
Darrell & King 572.73K +572.73K NEW
BLK BlackRock 3.93M +530.31K +15.6%
Balyasny Asset Management 0 -500.73K EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic has caused significant disruption to our operations and is negatively impacting our business, key financial and operating metrics, and results of operations in numerous ways that remain unpredictable.
  • Our failure to adequately and effectively staff our fulfillment centers, through third parties or with our own employees, could adversely affect our client experience and operating results.
  • We rely on consumer discretionary spending and have been, and may in the future be, adversely affected by economic downturns and other macroeconomic conditions or trends.
  • We have a short operating history in an evolving industry and, as a result, our past results may not be indicative of future operating performance.
  • If we fail to effectively manage our growth, our business, financial condition, and operating results could be harmed.
  • Our continued growth depends on attracting new clients.
  • We may be unable to maintain a high level of engagement with our clients and increase their spending with us, which could harm our business, financial condition, or operating results.
  • We expect to increase our paid marketing to help grow our business, but these efforts may not be successful or cost effective.
  • Compromises of our data security could cause us to incur unexpected expenses and may materially harm our reputation and operating results.
  • Our industry is highly competitive and if we do not compete effectively our operating results could be adversely affected.
  • If we are unable to develop and introduce new merchandise offerings or expand into new markets in a timely and cost-effective manner, our business, financial condition, and operating results could be negatively impacted.
  • Expansion of our operations internationally requires management attention and resources, involves additional risks, and may be unsuccessful.
  • We may not be able to sustain our revenue growth rate and we may not be profitable in the future.
  • We must successfully gauge apparel trends and changing consumer preferences.
  • If we are unable to manage our inventory effectively, our operating results could be adversely affected.
  • Our business depends on a strong brand and we may not be able to maintain our brand and reputation.
  • If we fail to attract and retain key personnel, effectively manage succession, or hire, develop, and motivate our employees, our business, financial condition, and operating results could be adversely affected.
  • If we fail to effectively manage our stylists, our business, financial condition and operating results could be adversely affected.
  • Our business, including our costs and supply chain, is subject to risks associated with sourcing, manufacturing, and warehousing.
  • If we are unable to acquire new merchandise vendors or retain existing merchandise vendors, our operating results may be harmed.
  • Any failure by us or our vendors to comply with product safety, labor, or other laws, or our standard vendor terms and conditions, or to provide safe factory conditions for our or their workers, may damage our reputation and brand, and harm our business.
  • We may incur significant losses from fraud.
  • We are subject to payment-related risks.
  • System interruptions that impair client access to our website or other performance failures in our technology infrastructure could damage our business.
  • Our use of personal information and other data subjects us to privacy laws and obligations, and our compliance with or failure to comply with such obligations could harm our business.
  • Unfavorable changes or failure by us to comply with evolving internet and eCommerce regulations could substantially harm our business and operating results.
  • If the use of “cookie” tracking technologies is further restricted, regulated, or blocked, or if changes in technology cause cookies to become less reliable or acceptable as a means of tracking consumer behavior, the amount or accuracy of internet user information we collect would decrease, which could harm our business and operating results.
  • Shipping is a critical part of our business and any changes in our shipping arrangements or any interruptions in shipping could adversely affect our operating results.
  • Our operating results have been, and could be in the future, adversely affected by natural disasters, public health crises, political crises, or other catastrophic events.
  • If we are unable to maintain effective internal control over financial reporting, investors may lose confidence in the accuracy of our reported financial information and this may lead to a decline in our stock price.
  • If we cannot successfully protect our intellectual property, our business would suffer.
  • We may be accused of infringing intellectual property rights of third parties.
  • Changes in U.S. tax or tariff policy regarding apparel produced in other countries could adversely affect our business.
  • We could be required to collect additional sales taxes or be subject to other tax liabilities that may increase the costs our clients would have to pay for our offering and adversely affect our operating results.
  • We may be subject to additional tax liabilities, which could adversely affect our operating results.
  • We may require additional capital to support business growth, and this capital might not be available or may be available only by diluting existing stockholders.
  • Some of our software and systems contain open source software, which may pose particular risks to our proprietary applications.
  • Adverse litigation judgments or settlements resulting from legal proceedings in which we are or may be involved could expose us to monetary damages or limit our ability to operate our business.
  • If we are unable to make acquisitions and investments, or successfully integrate them into our business, our business could be harmed.
  • The market price of our Class A common stock may continue to be volatile or may decline steeply or suddenly regardless of our operating performance and we may not be able to meet investor or analyst expectations. You may lose all or part of your investment.
  • Future sales of shares by existing stockholders could cause our stock price to decline.
  • The dual class structure of our common stock concentrates voting control with our executive officers, directors and their affiliates, and may depress the trading price of our Class A common stock.
  • If securities or industry analysts either do not publish research about us or publish inaccurate or unfavorable research about us, our business, or our market, or if they change their recommendations regarding our common stock adversely, the trading price or trading volume of our Class A common stock could decline.
  • We do not currently intend to pay dividends on our Class A common stock and, consequently, your ability to achieve a return on your investment will depend on appreciation of the value of our Class A common stock.
  • Future securities sales and issuances could result in significant dilution to our stockholders and impair the market price of our Class A common stock.
  • The requirements of being a public company may strain our resources, result in more litigation, and divert management’s attention.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our Class A common stock.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States are the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Management Discussion
  • (1)Fiscal 2020 and 2018 included 52 weeks. Fiscal 2019 was a 53-week year.
  • Revenue in the fiscal year ended August 1, 2020, a 52-week year, increased by $134.2 million, or 8.5%, from revenue in the fiscal year ended August 3, 2019, a 53-week year. Adjusted for the impact of the extra week in fiscal 2019, revenue in fiscal 2020 grew by 10.7%. The increase in revenue was primarily attributable to a 8.8% increase in active clients from August 3, 2019, to August 1, 2020, which drove increased sales of merchandise.
  • Gross margin for the fiscal year ended August 1, 2020, decreased by 0.5% compared with the fiscal year ended August 3, 2019. The decrease was primarily attributable to an increase in shipping expense due in part to higher rates with our carriers, partially offset by lower merchandise costs.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good