Platform HealthThere are signs that the health of the platform is starting to improve, following efforts over the last year to resharpen the core Fix experience, focus on key competencies of personalization and styling, and improve unit economics.
ProfitabilityGross margins were ahead of expectations, reflecting the company’s efforts to improve inventory health and diversify carriers, contributing to a profitability beat in the quarter.
Revenue GrowthManagement sees a path to return to revenue growth even without substantial net new customer expansion, as it has identified a meaningful opportunity to increase wallet share with existing clients.