Financial PerformanceQ1 revenue beat Street expectations by 4%, and continued cost discipline reflected in adjusted EBITDA of 13.5 million, near double Street expectations.
Turnaround EffortsThe company's turnaround efforts are starting to bear fruit, with management attributing this outperformance to its efforts to improve the quality and freshness of its inventory and implement more personalized marketing and engagement tactics.
User EngagementStitch Fix also saw higher engagement in both the Freestyle and Fix channels, as well as strength in reactivations, which benefited from a new marketing campaign called Retail Therapy.