Moreover, adjusted EBITDA is guided in the band of $0-$10 million, while adjusted EBITDA, excluding SBC, is estimated between $75 million and $85 million. Stitch Fix expected adjusted EBITDA of $18-$32 million previously. Q2 in Detail Stitch Fix reported earnings of 11 cents that outpaced the Zacks Consensus Estimate of 6 cents but fell 8.3% from the prior-year quarter. An increase in cost of goods sold and higher SG&A expenses might have resulted in the year-over-year decline in its bottom line. Meanwhile, the company recorded net revenues of $451.8 million, calling for 22% growth year over year. However, the reported figure slightly lagged the Zacks Consensus Estimate of $453 million. Stitch Fix now has 3.5 million active clients, up 17% from the prior-year period. Also, revenues per active client rose 8% year over year to $501, recording the seventh successive quarter of growth.