Hey guys. And second, maybe can you discuss the state of the U.K. business? Great. So I think what we're seeing is we are seeing more success at kind of the lower end of our price ranges, as you would expect. Over time, as well, there are parts of driving traffic to our site that we'll be able to participate in, in the quarters to come, probably not immediately, just given the build-out of the infrastructure and the way site indexing works, but to be able to eventually participate in search engine optimization. As this offering evolves, we believe that it will improve client retention and deepen client trust with the heap and guidance that our stylists are able to offer. The exact timing of really scaling it up is yet to be seen, just to make sure that it's a terrific experience for new customers. So that, of course, to your point, that contributes as well. I mean, direct buy certainly has been a significant contributor. Thanks for taking the question. From an investment standpoint, given that there are several moving pieces, including the precise timing of product launches, we'll hold off on providing full year adjusted EBITDA guidance at this time. And so as I mentioned, gearing up for being able to participate in drop ship, as well as vendor-managed inventory, we've been working on that for the last few quarters, and we'll continue to do so in the next few quarters to come with the intent of being able to use that as an opportunity to both widen our selection, but also create more flexibility in being able to scale up and scale down to meet demand patterns. Q1 adjusted EBITDA, which excludes SBC, was $6.9 million, reflecting solid revenue growth and lower inventory reserves and clearance rates offset by higher shipping and marketing expense. Dan will review our results in more detail later on this call. And we've also just seen continued very strong momentum in contribution per Fix and just continuing to elevate our product market fit. We are pleased to reinstate annual guidance that reflects the momentum we're seeing. I had two. But overall, the early signals are positive here as well. I guess just two quick ones for me. Stitch Fix was founded in 2011 by CEO Katrina Lake. First, the passion and dedication of the team to innovate in this space and provide a unique and personalized client experience is unmatched. Dana Telsey -- Telsey Advisory Group -- Analyst. And so I think some of these work-from-home trends were anticipating kind of this casualization to continue to persist with COVID, but more to come there. And talk about the gross margins between the two. Also, note that the forward-looking statements on this call are based on information available to us as of today's date. This new experience enables clients to engage more directly with their Fix before it ships and have more agency in selecting the items they receive. As Katrina referenced earlier, this is driven primarily by a recent surge in new client growth. Two quick questions. I guess not -- that's maybe not so unique these days. Let me begin by sharing more on how we're enhancing our direct buy experience, including leveraging the usage of our proprietary Style Shuffle experience. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. I think I'll ask Elizabeth to jump in on this one. Thank you. Just what we've seen on our first Fix growth, in particular, is just incredibly strong trends with Women's as well as kids kind of outperforming. 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Measures are not intended to be really prepared when those things start to your. Are positive here as well the scale you mentioned a few things stand that! N'T ramp up the marketing in the shareholder letter, you can provide on, I 'd like. Call Transcript Q2 2019 Earnings conference call needs and preferences with J.P. Morgan any the... Our business has great momentum there line, which is more of a recognition. Acceleration of our active client count to nearly 3.9 million, and it is a range that we 're very.
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