Stitch Fix(SFIX) - 2024 Q1 - Earnings Call Transcript
Stitch Fix(SFIX)2023-12-06 08:11
We expect both Q2 and full-year gross margin to be approximately 43% to 44% as we continue to drive improvement in our inventory position with a higher percentage of private brands and ongoing efficiencies in our transportation costs. We expect both Q2 and full-year advertising to be between 7% and 8% of revenue. But we will be opportunistic and may increase that if we see the right return on our investment. For the full year, we are reaffirming our expectations for net revenue to be between $1.3 billion an ...