Stitch Fix, Inc. ( SFIX ) shares are climbing after the company reported its third-quarter financial results Tuesday. Here's a look at the key figures from the report. 

The Details: Stitch Fix ( SFIX ) reported quarterly losses of 18 cents per share which beat the analyst consensus estimate of losses of 24 cents by 25%.

Quarterly sales came in at $322.7 million which beat the analyst consensus estimate of $306.121 million by 5.42% and represents a 18.29% decrease in sales from the same period last year.

Active clients were 2.633 million for the quarter, a decrease of 6% quarter-over-quarter and a decrease of 20% year-over-year.

Net revenue per active client (RPAC) was $525, an increase of 2% year-over-year.

Gross margin increased 280 basis points year-over-year to 45.5%, which the company said reflects improved product margins and transportation leverage.

“At Stitch Fix, we are on a mission to help people discover the styles they will love that fit perfectly so they always look and feel their best, and this commitment is at the heart of our transformation,” said Matt Baer, CEO of Stitch Fix ( SFIX ).

“Our Q3 revenue and adjusted EBITDA exceeded our expectations, which we believe signals that our transformation efforts are beginning to work. While we are still in early days, I am confident that our strategic focus on strengthening our foundation and reimagining the client experience will put us on the right path to deliver sustainable, profitable growth in the future.”

Outlook: Stitch Fix ( SFIX ) sees fourth-quarter revenue between $312 million and $322 million, above the $306.571 million consensus estimate, and full-year revenue between $1.33 billion and $1.34 billion, versus the $1.307 billion estimate.

SFIX Price Action: According to Benzinga Pro, Stitch Fix ( SFIX ) shares are up 28.46% after-hours at $3.45 at the time of publication Tuesday.

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